PERA Act

The PERA Act (S 4097) authorizes $500 million annually from 2024 through 2029 for U.S. defense assistance to modernize the Philippines' military capabilities. It directly supports the Armed Forces of the Philippines by funding equipment, training, and infrastructure to strengthen territorial defense, maritime security, and counterterrorism cooperation with the U.S. Key provisions require annual reports detailing specific defense needs (like coastal defense and cybersecurity) and submitting spending plans to Congress. The bill includes a sunset provision ending assistance after September 2030.