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New US Military Export Fund Established

This act creates a special fund within the US Department of Defense to facilitate the export of American military equipment abroad. The goal is to design equipment ready for export and interoperability with allies, potentially supporting the defense industry and security.
Key points
Establishes a special fund within the US Department of Defense (DETA) to finance the design of military equipment for export.
The fund aims to facilitate the sale of US military equipment to allied countries, potentially strengthening security and supporting the American defense industry.
Money for the fund comes from the government budget (initially $50 million) and from revenue generated by selling equipment abroad.
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Expired
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Additional Information
Print number: 117_S_4947
Sponsor: Sen. Shaheen, Jeanne [D-NH]
Process start date: 2022-09-22
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Defense EXPORTS Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4947.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-22.

What are the main provisions?

Key points include:

  • Establishes a special fund within the US Department of Defense (DETA) to finance the design of military equipment for export.
  • The fund aims to facilitate the sale of US military equipment to allied countries, potentially strengthening security and supporting the American defense industry.
  • Money for the fund comes from the government budget (initially $50 million) and from revenue generated by selling equipment abroad.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Shaheen, Jeanne [D-NH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

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Security Public Investments Economy