Sec. 4332. Impact of military expenditures on development
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The Secretary shall conduct a review of the military expenditures of developing countries to— identify those countries which the Secretary has credible evidence to believe— are diverting official development assistance from any source to military purposes; are devoting budgetary resources to arms purchases to a degree that materially interferes with the development of such countries; or are accumulating unsustainable levels of debt to finance arms purchases; take such action as the Secretary deems appropriate, including cessation of United States arms sales and working with other countries to do likewise, to reduce the impact of the military activities of the countries identified under paragraph
(1)and acquisition of arms on the economic and political development of such countries. The Secretary shall complete the first review required under subsection
(a)and submit to the appropriate congressional committees not later than one year after the enactment of this Act a report on all elements of subsection (a), including the actions the Secretary will take under subsection (a)(2), and the results of any such actions taken since the submission of the prior report to such committees. Subsequent reviews shall be conducted on a quadrennial basis, and reported to the appropriate congressional committees on the quadrennial anniversary of the first report.