Page:United States Statutes at Large Volume 90 Part 1.djvu/789

 PUBLIC LAW 94-329—JUNE 30, 1976

90 STAT. 739

payments on a dependable undertaking basis and submits both determinations to the Congress together with a special emergency request for authorization and appropriation of additional funds to finance such purchases under this Act.". EXTENSION OF PAYMENT PERIOD FOR CREDIT SALES

SEC. 208. (a) Paragraph (1) of section 23 of the Foreign Military Sales Act is amended by striking out "ten years" and inserting in lieu 22 USC 2763. thereof "twelve years". (b) The amendment made by subsection (a) shall apply with respect 22 USC 2763 to financing under agreements entered into on or after the date of "o*^enactment of this Act for the procurement of defense articles to be delivered, or defense services to be rendered, after such date. ANNUAL ESTIMATE AND JUSTIFICATION FOR SALES PROGRAM

SEC. 209. (a) Immediately after section 24 of the Foreign Military Sales Act, add the following new section: 22 USC 2765. GRAM.— (a) The President shall transmit to the Congress, as a part of Report to the presentation materials for security assistance programms proposed Congress. " SEC. 25. A N N U A L E S T I M A T E AND JUSTIFICATION FOR SALES P R O -

for each fiscal year, a report which sets forth— " (1) an estimate of the amount of sales expected to be made to each country under sections 21 and 22 of this Act, including a detailed explanation of the foreign policy and United States national security considerations involved in expected sales to each country; " (2) an estimate of the amount of credits and guaranties expected to be extended to each country under sections 23 and 24 of this Act; " (3) a list of all findings which are in effect on the date of such transmission made by the President pursuant to section 3(a)(1) of this Act, together with a full and complete justification for each such finding, explaining how sales to each country with respect to which such finding has been made will strengthen the security of the United States and promote world peace; and " (4) an arms control impact statement for each purchasing country, including (A) an analysis of the relationship between expected sales to each country and arms control efforts relating to that country, and (B) the impact of such expected sales on the stability of the region that includes the purchasing country. " (b) Not later than t h i r t y days following the receipt of a request made by the Committee on Foreign Relations of the Senate or the Committee on International Relations of the House of Representatives for additional information with respect to any estimate submitted pursuant to subsection (a), the President shall submit such information to such committee, " (c) The President shall make every effort to submit all of the information required by this section wholly in unclassified form. I n the event the President submits any such information in classified form, he shall submit such classified information in an addendum and shall also submit simultaneously a detailed summary, in unclassified form, of such classified information.". (b) Section 634(d) of the Foreign Assistance Act of 1961 is amended by striking out "and military sales under this or any other Act " in the fourth sentence.

22 USC 2761, 2762.

22 USC 2763, 2764.

Information, submittal to congressional committee.

22 USC 2394.

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