This bill extends the lend-lease authority that allows the U.S. government to loan or lease military equipment and weapons to Ukraine, now through fiscal year 2026 instead of ending in 2023. The legislation affects Ukraine and Eastern European countries impacted by Russia's invasion by enabling them to continue receiving American defense equipment without requiring upfront payment. The bill requires the Secretary of Defense, in coordination with the Secretary of State, to report to Congress within 90 days after equipment is loaned or leased, detailing what was provided and establishing a strategy and timeline for recovering and returning those defense articles. No specific funding amounts are mentioned in the legislation, as it modifies existing authority rather than appropriating new funds.
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