ARMS Act

HR 4481, the ARMS Act, modifies the Special Defense Acquisition Fund (SDAF) under the Arms Export Control Act to streamline foreign defense sales. It removes specific language requiring "sales made under" and "actual value" from the fund's authorization, allowing faster processing of defense articles for allied nations. This directly affects defense contractors and U.S. government agencies handling Foreign Military Sales (FMS) and Direct Commercial Sales (DCS), aiming to reduce delivery delays. The bill seeks to strengthen the U.S. defense industrial base by improving the efficiency of selling defense products internationally, where global demand currently exceeds domestic spending by a two-to-one ratio.