Authorizes the President to lend or lease defense articles (as defined by the Arms Export Control Act) to the Government of Ukraine and to governments of Eastern European countries affected by Russia’s invasion for fiscal years 2026 and 2027. It preserves rules requiring return or reimbursement of loaned/leased items, limits who the President can delegate this authority to (Senate‑confirmed officials only), and requires the President to put expedited delivery procedures in place within 60 days of enactment.