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Clarifying Military Aid Valuation: Higher Cost Calculation for Presidential Drawdown Authority

This bill changes how the US government calculates the value of military equipment and services transferred to foreign nations under the Presidential Drawdown Authority. It introduces stricter valuation methods, requiring the use of replacement cost or the full cost of services. While this does not directly impact citizens' taxes, it means the annual limits set by Congress for this type of aid will be reached sooner.
Key points
The value of transferred defense equipment must now be calculated using the greater of the original cost plus improvements, or the current replacement cost.
The value of defense services (like training) must be calculated based on the full cost incurred by the US Government to provide them.
This change ensures a more accurate, and likely higher, accounting of military aid costs, affecting how quickly annual aid caps are met.
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Expired
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Additional Information
Print number: 118_S_2255
Sponsor: Sen. Vance, J. D. [R-OH]
Process start date: 2023-07-12
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to amend the Foreign Assistance Act of 1961 to clarify the meaning of the term "aggregate value" for purposes of the Presidential drawdown authority.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2255.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-07-12.

What are the main provisions?

Key points include:

  • The value of transferred defense equipment must now be calculated using the greater of the original cost plus improvements, or the current replacement cost.
  • The value of defense services (like training) must be calculated based on the full cost incurred by the US Government to provide them.
  • This change ensures a more accurate, and likely higher, accounting of military aid costs, affecting how quickly annual aid caps are met.
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. Vance, J. D. [R-OH].

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 2025-12-26.

CATEGORIES

Security