A bill to modify certain limitations and exclusions regarding defense articles and requirements regarding security assistance and sales with respect to the Republic of Cyprus.

This bill extends the duration of waivers allowing U.S. defense transfers to Cyprus. It amends two existing laws (the 2019 Eastern Mediterranean Security Act and the 2020 Defense Authorization Act) to change the waiver period from "one fiscal year" to "three fiscal years." The change directly affects U.S. defense article sales and security assistance to Cyprus by allowing longer-term waivers without congressional approval. This is a procedural adjustment to existing law, not a new policy.