S. 2018: To modify certain limitations and exclusions regarding defense articles and requirements regarding security assistance and sales with respect to the Republic of Cyprus.
The bill aims to adjust the limitations and exclusions on the transfer of defense articles and security assistance related to the Republic of Cyprus. Here is a detailed overview of its key provisions:
Modification of Transfer Limitations
The legislation proposes changes to existing laws concerning the transfer of military items to Cyprus. Currently, there are specific limitations set on how many defense articles can be transferred to the Republic of Cyprus in a given timeframe:
- Under the Eastern Mediterranean Security and Energy Partnership Act of 2019, the current limit allows for the transfer of military articles only once every fiscal year. The bill would increase this limit to allow transfers every three fiscal years.
- Similarly, the National Defense Authorization Act for Fiscal Year 2020 has a comparable stipulation which will also be amended to extend the transfer period from one fiscal year to three fiscal years.
Purpose of the Changes
The bill proposes these adjustments in order to enhance the security and defense relationships with the Republic of Cyprus by providing them with greater access to U.S. military assistance over an extended period. By increasing the frequency of permissible transfers, the bill aims to support Cyprus in bolstering its defense capabilities and participating in regional security initiatives.
Impact on Defense Assistance
In enhancing the provisions for the transfer of defense articles, the bill may allow Cyprus to receive a wider array of military equipment and support, which could play a role in regional stability and security cooperation, particularly in the Eastern Mediterranean region.
Relevant Companies
- RTX (Raytheon Technologies) - As a major defense contractor, any increases in military sales to Cyprus may impact their contracts and sales figures significantly.
- BA (Boeing) - Boeing, another key player in the defense sector, could be affected by potential increases in military aircraft and technology sales to Cyprus.
- LDOS (Leidos Holdings) - Leidos might see opportunities in contracts related to defense systems as Cyprus upgrades its military capabilities.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
2 bill sponsors
Actions
2 actions
| Date | Action |
|---|---|
| Jun. 10, 2025 | Introduced in Senate |
| Jun. 10, 2025 | Read twice and referred to the Committee on Foreign Relations. |
Corporate Lobbying
0 companies lobbying
None found.
* Note that there can be significant delays in lobbying disclosures, and our data may be incomplete.
