EconDefense
USC-26 / International business, logistics and investment

Guarantee eligible defense-export sale and long-term-lease financing

Issue guarantees against principal or interest losses for financing defense-article, defense-service, or design-and-construction sales or long-term leases to the statutorily specified foreign countries.

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Authority / instrument · USC-26

Defense export loan guarantees

International business, logistics and investment

Statute & instrument
Authority holder

Secretary of Defense

What this does not authorize / hard limit

The continuing provision caps total contingent liability at $15 billion and requires country-paid exposure fees that cannot be financed in the guaranteed loan.

Recorded executor

Authorized contracting, grants, agreements, property, or finance office; implementation not verified

Continue to actor →

Recorded executing role; this record-specific route is not an additional institutional office.

Legal basisSources linkedLegal sources and instrument limits are recorded.
RequirementsGates recordedRead the requirements for this instrument; applicability depends on the proposed action.
Public fundingRules recordedChapter 389 requires advance appropriations provision; the permanent §4971 note supplies a continuing guarantee authorization within its cap and fee/reporting conditions. Administrative-fee receipts have specifically authorized uses. Office budget figures are separate institutional context, not an allocation to this instrument.
Assigned rolesRoles recordedPublic sources describe institutional authority. The instrument identifies approval and execution roles; a specific signature remains transaction-dependent.
EngagementProgram unverifiedAdded in the October 5 statutory review; no current implementing program, intake or individual delegation verified.

Public evidence describes the institution and instrument; it is not approval of an individual transaction.

At a glance

Possible toolUSC-26 · Loans & guarantees
Legal basis10 U.S.C. §4971

Authority holder: Secretary of Defense

Loans & guaranteesProperty & leases

Mechanism tags describe the source text; they do not expand the authority.

Availability and verification

Statutory pathway identified; current implementation, intake, funding availability, and executing delegation unverified.

Requirements and limits

Eligibility & prerequisites

  • Confirm covered-country eligibility under §4971(b), export-control compliance, applicable terms, and fee requirements.
  • Read the continuing appropriations provision in Pub. L. 108-287 §8065 with chapter 389.

Limits & exclusions

  • The continuing provision caps total contingent liability at $15 billion and requires country-paid exposure fees that cannot be financed in the guaranteed loan.
  • No guarantee payments for losses caused by the payee’s fraud or misrepresentation; no acceleration beyond original loan-payment terms.
  • Legal authority does not establish an active lending window or current execution arrangements.

Funding conditions

  • Chapter 389 requires advance appropriations provision; the permanent §4971 note supplies a continuing guarantee authorization within its cap and fee/reporting conditions. Administrative-fee receipts have specifically authorized uses.

Read the funding and execution guide

Who contributes what

Need & planning

  • Relevant statutory program or requirement sponsor; organizational routing to be confirmed

Resources

  • Responsible component resource owner and comptroller; available funding not verified

Approval

Execution

  • Authorized contracting, grants, agreements, property, or finance office; implementation not verified

Partners & review

Office links are editorial matches to the original role text, not verified delegations. Composite labels and unmatched actors are preserved.

Coordination pathway

Requirement sponsor → statutory holder and responsible resource owner → legal and fiscal review → authorized executing office. Routing is illustrative; current program intake and individual delegations are unverified.

Actor and execution-role sources

October 5 statutory review

Added in the October 5 statutory coverage review. The cited legal mechanism and its conditions were examined; a current implementing program, intake, funding balance and individual delegation were not verified.

Section coverage and review findings

Legal basis

  • 10 U.S.C. §4971Official 2024 U.S. Code baseline; see currentness for subsequent amendments and access limits.
  • 10 U.S.C. §4972Official 2024 U.S. Code baseline; see currentness for subsequent amendments and access limits.
  • 10 U.S.C. §4973Official 2024 U.S. Code baseline; see currentness for subsequent amendments and access limits.
  • 10 U.S.C. §4974Official 2024 U.S. Code baseline; see currentness for subsequent amendments and access limits.
  • 10 U.S.C. §4975Official 2024 U.S. Code baseline; see currentness for subsequent amendments and access limits.
  • Pub. L. 108-287, §8065 (as amended)Permanent authority reproduced in the official §4971 statutory notes, as recodified by Pub. L. 116-283 §1873(d).

What this research establishes

Legal basisSources linkedLegal sources and instrument limits are recorded.
RequirementsGates recordedRead the requirements for this instrument; applicability depends on the proposed action.
Public fundingRules recordedChapter 389 requires advance appropriations provision; the permanent §4971 note supplies a continuing guarantee authorization within its cap and fee/reporting conditions. Administrative-fee receipts have specifically authorized uses. Office budget figures are separate institutional context, not an allocation to this instrument.
Assigned rolesRoles recordedPublic sources describe institutional authority. The instrument identifies approval and execution roles; a specific signature remains transaction-dependent.
EngagementProgram unverifiedAdded in the October 5 statutory review; no current implementing program, intake or individual delegation verified.

Confidence: High on cited statutory text; no claim of verified current implementation.

Currentness: Statutory scrub 2026-10-05: official GovInfo 2024 Code text and relevant provisions of Pub. L. 119-60/119-21 inspected. Direct OLRC current-text retrieval was unavailable under maintenance. This establishes the described statutory baseline and expressly identified amendments, not an exhaustive post-2024 session-law certification. Current implementation, open intake, available balances, and individual delegations were not verified.

Review scope: Record reviewed 2026-10-05. Publication is not legal-currentness certification.

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