H.R. 2010: NATO Edge Act

This bill, titled the NATO Edge Act, aims to prevent the President of the United States from withdrawing the country from the North Atlantic Treaty Organization (NATO). Below is a summary of the key components of the bill:

Short Title

The bill is referred to as the NATO Edge Act.

Findings

Congress states several findings regarding NATO, including:

• NATO has been a fundamental pillar of international peace and stability and a crucial part of U.S. security.
• The House of Representatives had previously affirmed NATO's effectiveness in deterring wars and promoting peace.
• Commitment to the principle of collective defense outlined in NATO's Article 5 is emphasized.
• Support for NATO collaboration to uphold Ukraine's sovereignty against aggressions, particularly from Russia.
• Member countries should aim to meet the 2% GDP defense spending target established at the 2014 Wales Summit.

Modification of Withdrawal Limitations

The bill proposes amendments to the existing limitations on U.S. withdrawal from NATO as follows:

• It states that any withdrawal requires an Act of Congress and an explicit commitment from NATO members who haven't met the 2% defense spending goal to do so within five years.
• Funds cannot be used to facilitate withdrawal unless these conditions are met, and such withdrawal also requires the advice and consent of the Senate, needing two-thirds approval of present Senators.
• New provisions empower the Senate or House of Representatives legal counsel to oppose any unlawful actions regarding NATO withdrawal in federal court.
• Any resolutions concerning NATO withdrawal must follow specific legislative procedures.
• Legal counsel involved must report to Congress on any legal actions taken concerning NATO withdrawal.

Sunset Provision

The amendments to the withdrawal limitations will terminate on September 30, 2033. Upon termination, the previous provisions regarding NATO withdrawal as they stood before this bill would be restored.

Relevant Companies

• RTX (Raytheon Technologies) - As a major defense contractor, changes in U.S. foreign defense commitments could influence defense spending and contracts.
• NOC (Northrop Grumman) - This company may be affected by shifts in defense policies and NATO-related spending and contract opportunities.
• BA (Boeing) - As a major player in military aviation and defense, the bill could impact Boeing’s contracts and strategic plans associated with NATO.