Foreign Assistance Act

[AI summary unavailable — showing source text] Foreign Assistance Act - Title I: Middle East Peace - States that the Congress recognizes that a peaceful settlement in the Middle East is essential to the security of the United States and world peace and that assistance programs in the Middle East can contribute to such a peaceful settlement. Authorizes the President to furnish assistance under the Foreign Assistance Act of 1961, and to furnish credits and guarantees under the Foreign Military Sales Act. Sets forth the levels of military assistance and security supporting assistance appropriations intended for Middle East programs. Authorizes the appropriation to the President of $100,000,000 for fiscal year 1975 to meet special requirements arising from time to time in carrying out the purposes of this Act. Repeals the prohibition of assistance to the United Arab Republic absent findings by the President that such assistance is in the national interest. Provides for funds to settle the deficit of the United Nations Relief and Works Agency for Palestine Refugees upon a determination that a reasonable number of other nations will contribute their fair share to such fund. Provides that the funds authorized by this Act may not be us…