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.
This bill clarifies how the U.S. government calculates the "aggregate value" of military aid when using emergency drawdown authority under the Foreign Assistance Act. It defines "aggregate value" for military equipment as the greater of the original U.S. government acquisition cost (plus improvements) or replacement cost, and for military services as the full cost to the government. The change directly affects how the executive branch quantifies aid costs for rapid deployment during emergencies. It is a technical clarification to prevent ambiguity in existing procedures, not a policy change.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 12, 2023
Last action Jul 12, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 12, 2023
Committee
Read twice and referred to the Committee on Foreign Relations.
upper
Jul 12, 2023
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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