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(1) the United States-Israel economic partner-
ship has achieved great tangible and intangible bene-
fits to both countries and is a foundational compo-
nent of the strong alliance; 
(2) science and technology innovations present 
promising new frontiers for United States-Israel eco-
nomic cooperation, particularly in light of wide-
spread drought, cybersecurity attacks, and other 
major challenges impacting the United States; and 
(3) the President should regularize and expand 
existing forums of economic dialogue with Israel and 
foster both public and private sector participation. 
TITLE II—SECURITY 
ASSISTANCE FOR ISRAEL 
SEC. 201. FINDINGS. 
Congress makes the following findings: 
(1) On September 14, 2016, the United States 
and Israel signed a 10-year Memorandum of Under-
standing reaffirming the importance of continuing 
annual United States military assistance to Israel 
and cooperative missile defense programs in a way 
that enhances Israel’s security and strengthens the 
bilateral relationship between the two countries. 
(2) The 2016 Memorandum of Understanding 
reflected United States support of Foreign Military 
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Financing (FMF) grant assistance to Israel over the 
10-year period beginning in fiscal year 2019 and 
ending in fiscal year 2028. Such FMF grant assist-
ance would equal $3.3 billion annually, totaling $33 
billion. 
(3) The 2016 Memorandum of Understanding 
also reflected United States support for funding for 
cooperative programs to develop, produce, and pro-
cure missile, rocket and projectile defense capabili-
ties over a 10-year period beginning in fiscal year 
2019 and ending in fiscal year 2028 at a level of 
$500 million annually, totaling $5 billion. 
SEC. 202. STATEMENT OF POLICY. 
It is the policy of the United States to provide assist-
ance to the Government of Israel in order to help enable 
Israel to defend itself by itself and develop long-term ca-
pacity, primarily through the acquisition of advanced ca-
pabilities that are available from the United States. 
SEC. 203. CONTINGENCY PLANS TO PROVIDE ISRAEL WITH 
NECESSARY DEFENSE ARTICLES AND SERV-
ICES. 
(a) IN GENERAL.—The President, acting through the 
Secretary of Defense and in consultation with the Sec-
retary of State, shall establish and update as appropriate 
contingency plans to provide Israel with defense articles 
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and services that are determined by the Secretary of De-
fense to be necessary for the defense of Israel. 
(b) CONGRESSIONAL BRIEFING.—Not later than 1 
year after the date of the enactment of this Act, and annu-
ally thereafter, the Secretary of Defense, in consultation 
with the Secretary of State, shall brief the appropriate 
congressional committees on the status of the contingency 
plans required under subsection (a). 
SEC. 204. WAIVER FOR EXISTING OR IMMINENT MILITARY 
THREAT TO ISRAEL. 
Section 38 of the Arms Export Control Act is amend-
ed by adding at the end the following: 
‘‘(l) WAIVER FOR EXISTING OR IMMINENT MILITARY 
THREAT TO ISRAEL.— 
‘‘(1) IN GENERAL.—Upon receiving information 
that Israel is under an existing or imminent threat 
of military attack, the President may waive the re-
quirements of this Act and direct the immediate 
transfer to Israel of such defense articles or services 
the President determines to be necessary to assist 
Israel in its defense against such threat. Amounts 
obligated or expended to carry out this paragraph 
shall not be subject to any limitation in law, or pro-
vision of any bilateral agreement, relating to the 
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amount of United States assistance authorized to be 
made available to Israel. 
‘‘(2) NOTIFICATION
REQUIRED.—As soon as 
practicable after a transfer of defense articles or 
services pursuant to the authority provided by para-
graph (1), the President shall provide a notification 
in writing to Congress of the details of such trans-
fer, consistent with the requirements of section 36 of 
this Act.’’. 
SEC. 205. SECURITY ASSISTANCE FOR ISRAEL. 
Section 513(c) of the Security Assistance Act of 2000 
(Public Law 106–280; 114 Stat. 856) is amended— 
(1) in paragraph (1), by striking ‘‘2002 and 
2003’’ and inserting ‘‘2020, 2021, 2022, 2023 and 
2024’’; 
(2) in paragraph (2), by striking ‘‘equal to—’’ 
and all that follows and inserting ‘‘not less than 
$3,300,000,000.’’; and 
(3) in paragraph (3), by striking ‘‘Funds au-
thorized’’ and all that follows through ‘‘later.’’ and 
inserting ‘‘Funds authorized to be available for 
Israel under subsection (b)(1) and paragraph (1) of 
this subsection for fiscal years 2020, 2021, 2022, 
2023, and 2024 shall be disbursed not later than 30 
days after the date of the enactment of an Act mak-
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ing appropriations for the Department of State, for-
eign operations, and related programs for the re-
spective fiscal year, or October 31 of the respective 
fiscal year, whichever is later.’’. 
SEC. 206. JOINT ASSESSMENT OF QUANTITY OF PRECISION 
GUIDED MUNITIONS FOR USE BY ISRAEL. 
(a) IN GENERAL.—The President, acting through the 
Secretary of Defense and in consultation with the Sec-
retary of State, is authorized to conduct a joint assess-
ment with the Government of Israel with respect to the 
matters described in subsection (b). 
(b) MATTERS DESCRIBED.—The matters described 
in this subsection are the following: 
(1) The quantity and type of precision guided 
munitions that are necessary for Israel to combat 
Hezbollah in the event of a sustained armed con-
frontation between Israel and Hezbollah. 
(2) The quantity and type of precision guided 
munitions that are necessary for Israel in the event 
of a sustained armed confrontation with other armed 
groups and terrorist organizations such as Hamas. 
(3) The resources the Government of Israel can 
plan to dedicate to acquire such precision guided 
munitions. 
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(4) United States planning to assist Israel to 
prepare for the sustained armed confrontations de-
scribed in paragraphs (1) and (2) as well as the abil-
ity of the United States to resupply Israel in the 
event of such confrontations described in paragraphs 
(1) and (2), if any. 
(c) REPORT.— 
(1) IN GENERAL.—Not later than 15 days after 
the date on which the joint assessment authorized 
under subsection (a) is completed, the Secretary of 
Defense shall submit to the appropriate congres-
sional committees a report that contains the joint 
assessment. 
(2) FORM.—The report required under para-
graph (1) shall be submitted in unclassified form, 
but may contain a classified annex. 
SEC. 207. TRANSFER OF PRECISION GUIDED MUNITIONS TO 
ISRAEL. 
(a) IN GENERAL.—Notwithstanding section 514 of 
the Foreign Assistance Act of 1961 (22 U.S.C. 2321h), 
the President is authorized to transfer to Israel precision 
guided munitions from reserve stocks for Israel in such 
quantities as necessary for legitimate self-defense of Israel 
and is otherwise consistent with the purposes and condi-
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tions for such transfers under the Arms Export Control 
Act (22 U.S.C. 2751 et seq.). 
(b) CERTIFICATION.—Except in the case of an emer-
gency as determined by the President, not later than 5 
days before making a transfer under subsection (a), the 
President shall certify to the appropriate congressional 
committees that the transfer of the precision guided muni-
tions— 
(1) does not affect the ability of the United 
States to maintain a sufficient supply of precision 
guided munitions; 
(2) does not harm the combat readiness of the 
United States or the ability of the United States to 
meet its commitment to allies for the transfer of 
such munitions; 
(3) is necessary for Israel to counter the threat 
of rockets in a timely fashion; and 
(4) is in the national security interest of the 
United States. 
SEC. 208. SENSE OF CONGRESS ON RAPID ACQUISITION 
AND DEPLOYMENT PROCEDURES. 
It is the sense of Congress that the President should 
prescribe procedures for the rapid acquisition and deploy-
ment of precision guided munitions for United States 
counterterrorism missions, or to assist an ally of the 
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United States, including Israel, that is subject to direct 
missile threat. 
SEC. 209. EXTENSION OF WAR RESERVES STOCKPILE AU-
THORITY. 
(a) DEPARTMENT
OF DEFENSE APPROPRIATIONS 
ACT, 2005.—Subsection (d) of section 12001 of the De-
partment of Defense Appropriations Act, 2005 (Public 
Law 108–287; 118 Stat. 1011) is amended by striking 
‘‘after September 30, 2020’’ and inserting ‘‘after Sep-
tember 30, 2025’’. 
(b) FOREIGN ASSISTANCE ACT OF 1961.—Section 
514(b)(2)(A) of the Foreign Assistance Act of 1961 (22 
U.S.C. 2321h(b)(2)(A)) is amended by striking ‘‘2013, 
2014, 2015, 2016, 2017, 2018, 2019, and 2020’’ and in-
serting ‘‘2020, 2021, 2022, 2023, 2024, and 2025’’. 
SEC. 210. ELIGIBILITY OF ISRAEL FOR THE STRATEGIC 
TRADE AUTHORIZATION EXCEPTION TO CER-
TAIN 
EXPORT 
CONTROL 
LICENSING 
RE-
QUIREMENTS. 
(a) FINDINGS.—Congress finds the following: 
(1) Israel has adopted high standards in the 
field of export controls. 
(2) Israel has declared its unilateral adherence 
to the Missile Technology Control Regime, the Aus-
tralia Group, and the Nuclear Suppliers Group. 
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(3) Israel is a party to— 
(A) the Protocol for the Prohibition of the 
Use in War of Asphyxiating, Poisonous or 
Other Gases, and of Bacteriological Methods of 
Warfare, signed at Geneva June 17, 1925; and 
(B) the Convention on the Physical Protec-
tion of Nuclear Material, adopted at Vienna on 
October 26, 1979. 
(4) Section 6(b) of the United States-Israel 
Strategic Partnership Act of 2014 (22 U.S.C. 8603 
note) directs the President, consistent with the com-
mitments of the United States under international 
agreements, to take steps so that Israel may be in-
cluded in the list of countries eligible for the stra-
tegic trade authorization exception under section 
740.20(c)(1) of title 15, Code of Federal Regula-
tions, to the requirement for a license for the export, 
re-export, or in-country transfer of an item subject 
to controls under the Export Administration Regula-
tions. 
(b) REPORT ON ELIGIBILITY FOR STRATEGIC TRADE 
AUTHORIZATION EXCEPTION.— 
(1) IN
GENERAL.—Not later than 120 days 
after the date of the enactment of this Act, the 
President shall submit to the appropriate congres-
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sional committees a report that describes the steps 
taken to include Israel in the list of countries eligible 
for the strategic trade authorization exception under 
section 740.20 (c) (1) of title 15, Code of Federal 
Regulations section, as required under 6(b) of the 
United States-Israel Strategic Partnership Act of 
2014 (22 U.S.C. 8603 note). 
(2) FORM.—The report required under para-
graph (1) shall be submitted in unclassified form, 
but may contain a classified annex. 
SEC. 211. EXTENSION OF LOAN GUARANTEES TO ISRAEL. 
Chapter 5 of title I of the Emergency Wartime Sup-
plemental Appropriations Act, 2003 (Public Law 108–11; 
117 Stat. 576) is amended under the heading ‘‘Loan 
Guarantees to Israel’’— 
(1) in the matter preceding the first proviso, by 
striking ‘‘September 30, 2020’’ and inserting ‘‘Sep-
tember 30, 2025’’; and 
(2) in the second proviso, by striking ‘‘Sep-
tember 30, 2020’’ and inserting ‘‘September 30, 
2025’’. 
SEC. 212. DEFINITION. 
In this title, the term ‘‘appropriate congressional 
committees’’ means— 
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