(b) AUTHORITY.—For fiscal year 2022 and 2023, the 
President, acting through the Secretary of State, is au-
thorized— 
(1) to make direct loans under section 23 of the 
Arms Export Control Act (22 U.S.C. 2763) to 
Ukraine, notwithstanding the minimum interest rate 
required by subsection (c)(1) of such section; and 
(2) to charge fees for such loans under para-
graph (1), which shall be collected from borrowers in 
accordance with section 502(7) of the Congressional 
Budget Act of 1974 (2 U.S.C. 661a(7)), and which 
may be used to cover the costs of such loans as de-
fined in section 502 of the Congressional Budget Act 
of 1974. 
(c) CERTIFICATION.—Not fewer than 15 days before 
entering into an agreement to make a loan described in 
subsection (b), the Secretary of State shall submit to the 
Committee on Foreign Affairs of the House of Representa-
tives and the Committee on Foreign Relations of the Sen-
ate a certification— 
(1) certifying that the loan will aid Ukraine in 
bolstering its defensive capabilities; and 
(2) describing the specific intended purpose and 
use of the loan. 
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(d) REPAYMENT.—A loan made under the authority 
provided by subsection (b) shall be repaid in not more than 
12 years, but may include a grace period of up to 1 year 
on the repayment of the principal. 
SEC. 115. EXTENSION AND MODIFICATION OF LIMITATION 
ON MILITARY COOPERATION BETWEEN THE 
UNITED STATES AND THE RUSSIAN FEDERA-
TION. 
(a) EXTENSION.—Subsection (a) of section 1232 of 
the National Defense Authorization Act for Fiscal Year 
2017 (Public Law 114–328; 130 Stat. 2488) is amended 
by striking ‘‘or 2021’’ and inserting ‘‘2021, 2022, or 
2023’’. 
(b) WAIVER.—Subsection (c)(2) of such section is 
amended to read as follows: 
‘‘(2) not later than 15 days before the date on 
which the waiver takes effect, and every 90 days 
thereafter, submits to the Committee on Foreign Re-
lations, the Committee on Armed Services, and the 
Select Committee on Intelligence of the Senate and 
the Committee on Foreign Affairs, the Committee 
on Armed Services, and the Permanent Select Com-
mittee on Intelligence of the House of Representa-
tives— 
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‘‘(A) a notification that the waiver is in the 
national security interest of the United States 
and a description of the national security inter-
est covered by the waiver during the applicable 
reporting period; 
‘‘(B) a description of any condition or pre-
requisite placed by the Russian Federation on 
military cooperation between the United States 
and the Russian Federation; 
‘‘(C) a description of the results achieved 
by United States-Russian Federation military 
cooperation during the applicable reporting pe-
riod and an assessment of whether such results 
meet the national security objectives described 
under subparagraph (A); 
‘‘(D) a description of the measures in place 
to mitigate counterintelligence or operational 
security concerns and an assessment of whether 
such measures have succeeded, submitted in 
classified form as necessary; and 
‘‘(E) a report explaining why the Secretary 
of Defense cannot make the certification under 
subsection (a).’’. 
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