United States-Israel FUTURES Act of 2026

This bill establishes the United States-Israel Defense Technology Cooperation Initiative to accelerate joint development and integration of defense technologies between the two countries. It directs the U.S. Secretary of Defense, with Israel’s agreement, to identify Israeli-origin technologies for rapid adoption into U.S. military systems, focusing on areas like counter-drone systems, missile defense (including "Golden Dome for America"), AI, cyber defense, and directed energy. The initiative requires annual congressional reporting on progress, partnerships with industry, and technology transitions, while authorizing $150 million annually for fiscal years 2027-2029. It aims to strengthen bilateral defense innovation and streamline the use of Israeli technologies within U.S. military programs.