Later Sections 511-516 provide authorizing "earmarks" for individual countries and programs.
New Section 38(j), AECA, requires the President to enter into a binding bilateral agreement before exempting a country from the licensing requirements of the AECA; provides the minimum requirements to be in such an agreement; and advance certification requirements by the President to Congress before authorizing such an exemption to a country.
Section 38(j)(3), AECA, requires the President to provide an advance certification to the House International Relations Committee and the Senate Foreign Relations Committee not less than thirty days before authorizing an exemption to a country from licensing requirements of the AECA, to include:
Section 111 amends Section 514(b)(2), FAA, authorizing, during FY2001, additions to stockpiles of defense articles in foreign countries shall not exceed $50,000,000, and subsequently stating that, of this addition, not more than $50,000,000 may be made available for stockpiles in the Republic of Korea.
Later Sections 511-516 provide authorizing earmarks for individual countries and programs.
106-65, authorizing a sale basis in accordance with Section 21, AECA.