Rep. Mast: Expanding U.S. defense exports is both a national security and economic necessity

House Committee on Foreign Affairs · May 13, 2026

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Bill to authorize State Department foreign military financing loans

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A lawmaker (first speaking in SEG 001) presented a bill that would authorize the State Department to issue foreign military financing loans and loan guarantees to expand U.S. defense exports. The speaker said President Trump's executive orders make expanding defense exports a "national security and economic necessity," noted that Foreign Military Financing (FMF) has historically been offered as nonrepayable grants, and argued the bill would allow more competitive, flexible financing terms. The speaker warned that Russia and China use favorable finance terms to create long-term dependence, gave

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A lawmaker urged support for legislation authorizing the State Department to offer loans and loan guarantees for foreign military financing to boost U.S. defense exports and compete with China and Russia.

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