A bill to amend the Foreign Assistance Act of 1961 to clarify the meaning of the term "aggregate value" for purposes of the Presidential drawdown authority.

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 2255 Introduced in Senate (IS)] <DOC> 118th CONGRESS 1st Session S. 2255 To amend the Foreign Assistance Act of 1961 to clarify the meaning of the term ``aggregate value'' for purposes of the Presidential drawdown authority. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 12, 2023 Mr. Vance (for himself and Mr. Hawley) introduced the following bill; which was read twice and referred to the Committee on Foreign Relations _______________________________________________________________________ A BILL To amend the Foreign Assistance Act of 1961 to clarify the meaning of the term ``aggregate value'' for purposes of the Presidential drawdown authority. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. CLARIFICATION OF THE TERM ``AGGREGATE VALUE'' FOR PURPOSES OF PRESIDENTIAL DRAWDOWN AUTHORITY. The Foreign Assistance Act of 1961 (22 U.S.C. 2151 et seq.) is amended-- (1) in section 506(a)(1) (22 U.S.C. 2318(a)(1)), in the undesignated matter following subparagraph…