1、Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS Web97-948 FUpdated January 26, 1998Defense Export Loan Guarantee Program (DELG)(name redacted)Specialist in National DefenseForeign Affairs and National DefenseSummaryThis report provides an overvie
2、w of the Defense Export Loan Guarantee Program(DELG) which became operational on November 8, 1996. It discusses the major featuresof the program, which is aimed at assisting prospective foreign purchasers of U.S.defense equipment finance those purchases through private sector loans. This report will
3、be revised only as notable events relating to the program warrant.IntroductionThe Defense Export Loan Guarantee (DELG) program originated with Section 3201of P.L. 104-106, the National Defense Authorization Act for Fiscal Year 1996. Thisprovision of law directed the Secretary of Defense to establish
4、 a loan guarantee programfor the sale or long-term lease of defense articles and services. Circumstances that gaverise to the DELG program were concerns by U.S. weapons producers that they were at acompetitive disadvantage in marketing their products internationally. Representatives ofthe U.S. defen
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