No cosponsors
The original House version designated $87,290m for the Arrow missile defense program. Of this amount, $25m was designated for production of parts for the system in the U.S. and in Israel. The bill that was agreed upon by both chambers appropriated $155,290m overall and $68m for production. Also allows the President to transfer to Israel, in exchange for concessions to be negotiated by the Secy. of Defense, with the concurrence of the Secy. of State, any or all of the following: (1) are armor, artillery, automatic weapons ammunition, missiles, and other munitions that (A) are obsolete or surplus items; (B) are in the inventory of the Dept. of Defense; (C) are intended for use as reserve stocks for Israel; and (D) as of the date of enactment of this Act, are located in a stockpile in Israel.
The value of concessions negotiated shall be at least equal to the fair market value of the items transferred. The concessions may include cash compensation, services, waiver of charges otherwise payable by the United States, and other items of value.
Requires the president to report to the Committee on Foreign Relations and Armed Services in the Senate and Committee on International Relations and Armed Services in the House not later than 30 days before making a transfer. The notification shall identify the items to be transferred and the concessions to be received.
See also: similar measure S. 2559 on 6/22/04.
Became public law 108-287 (7/22/04 conference report passed in Senate 96-0; 7/22/04 conference report passed House 410-12).