This bill amends the Arms Export Control Act to significantly broaden the use of foreign military financing (FMF) . It authorizes eligible foreign countries and international organizations to use FMF funds to procure defense articles, services, and design and construction services directly from commercial entities , rather than solely through U.S. government sales. The Secretary of State, in consultation with the Secretary of Defense, must approve the extension of this authority and establish specific terms and conditions to align with U.S. foreign policy and national security interests. Within 180 days, the Secretary of State is required to prescribe regulations covering review, approval, audit, reporting, and compliance with export control requirements. This new authority is intended to supplement, not replace, the existing foreign military sales program, aiming to encourage participation from nontraditional defense companies .