(a)
In general— Section 506(a) of the Foreign Assistance Act of 1961 (
22 U.S.C. 2318(a)) is amended by adding at the end the following new paragraph:
“(4) For fiscal year 2024, in addition to amounts otherwise specified in this section, the President may direct the drawdown of defense articles from the stocks of the Department of Defense, defense services of the Department of Defense, and military education and training, of an aggregate value not to exceed $7,000,000,000, to be provided to Israel.”
(b)
National interest— Section 506(a)(2) of the Foreign Assistance Act of 1961 (
22 U.S.C. 2318(a)(2)) is amended by adding at the end the following new subparagraph:
“(C) For fiscal year 2024, in addition to amounts otherwise specified in this section, an aggregate value not to exceed $200,000,000 of any such articles, services, and military education and training may be provided to Israel pursuant to subparagraph (A) of this paragraph, not more than $75,000,000 of which may be provided from the drawdown from the inventory and resources of the Department of Defense.”
(c)
Emergency transfer of funds— Section 552(c) of the Foreign Assistance Act of 1961 (
22 U.S.C. 2348a(c)) is amended by adding at the end the following: “For fiscal year 2024, in addition to the aggregate value of $25,000,000 authorized in the text in paragraph (1) designated as paragraph (2) of the sentence preceding the immediately preceding sentence, the President may direct the drawdown of commodities and services from the inventory and resources of any agency of the United States Government for the purposes of providing necessary and immediate assistance to Israel of a value not to exceed $25,000,000.”.
(d)
Special authorities— Section 614(a)(4) of the Foreign Assistance Act of 1961 (
22 U.S.C. 2364(a)(4)) is amended by adding at the end the following new subparagraph:
“(D) Notwithstanding the limitations in this subsection and in addition to other amounts in this subsection, in fiscal year 2024, the authority of this subsection may be used to authorize the use of up to $1,000,000,000 of funds made available for use under this chapter or the Arms Export Control Act (22 U.S.C. 2751 et seq.), to be provided to Israel.”
(e)
Transfer of funds— During fiscal year 2024, section 610(a) of the Foreign Assistance Act of 1961 (
22 U.S.C. 2360) shall be applied by substituting “20 per centum” for “10 per centum” and “40 per centum” for “20 per centum”.