Emergency Assistance Act

[AI summary unavailable — showing source text] Emergency Assistance Act - Authorizes to be appropriated to the President not to exceed $2,200,000,000 for emergency military assistance or foreign military sales credits, or for both as the President may determine, for Israel. States that at any time prior to June 30, 1974, the President is hereby authorized, within the limits of funds appropriated under this Act for Israel, to release Israel from its contractual liability to pay for defense articles and defense services purchased or financed under the said Foreign Military Sales Act or under this Act during the period beginning October 6, 1973, and ending June 30, 1974, and such funds shall be used to reimburse current applicable appropriations, funds, and accounts of the Department of Defense for the value of such defense articles and defense services.…