A bill to authorize the lease of a specified naval repair ship to the Government of Pakistan.

(Measure passed Senate, amended)

Authorizes the Secretary of the Navy to lease a specified naval repair ship to the Government of Pakistan. Waives congressional reporting requirements for such lease. Requires Pakistan to be charged for any expense of the United States in connection with such lease. States that such lease may provide, as consideration for the lease, for the maintenance, protection, repair, or restoration of the ship by Pakistan. Provides for renewal of such lease subject to congressional reporting requirements.

Authorizes the Secretary to transfer a specified floating drydock and a specified medium yard tug to the Republic of the Philippines. Waives the requirement for reimbursement to the Secretary for such military assistance with respect to such transfer. Subjects such transfer to such terms and corditions as the President may require. Requires the Philippines to be charged for any costs incurred in such transfer.

Terminates the Secretary's authority to make such lease or transfer two years after enactment of this Act.

Makes available to the Administrator of the Agency for International Development excess United States-owned foreign currencies (in excess of amounts necessary for satisfaction of preexisting commitments to use such currencies for other purposes specified by law) for development assistance programs and to provide assistance to overseas institutions that provide education for a significant number of American citizens.