A bill to amend the Foreign Assistance Act of 1961.

[AI summary unavailable — showing source text] Provides an authorization under the Foreign Assistance Act of 1961, for appropriations of $100,000,000 for fiscal year 1973 for the purpose of providing refugee relief and reconstruction assistance to Bangladesh and its people. Provides an authorization of appropriations of $50,000,000 to engage in relief, rehabilitation and reconstruction assistance for the Philippines in connection with damage caused by the 1972 floods. Authorizes the appropriation of $780,000,000 for military assistance for fiscal year 1973. Extends through fiscal year 1973 the President's special authority to order defense articles and defense services subject to subsequent reimbursement. Repeals the provision of the Act which requires recipients of grant military assistance and excess defense articles to deposit in local currency an amount equal to 10 percent of the value of such assistance for use by the United States to pay its local currency costs in that country. Provides an authorization for the appropriation of $844,000,000 for security supporting assistance for fiscal year 1973. Extends from 10 to 20 years the length of time for which credit may be extended under the Foreign Military Sales Act. Authoriz…