To amend the Export Administration Amendments Act of 1985 to assist in the export of certain United States defense articles and services, and for other purposes.

Amends the Export Administration Amendments Act of 1985 to require the Export-Import Bank, in order to ensure the competitiveness of U.S. exporters in the sale of defense articles and services to North Atlantic Treaty Organization member countries, Japan, Israel, Australia, or New Zealand, to establish a program to provide guarantees for the sale of such items to such countries on terms and conditions fully competitive with the government-sponsored terms and conditions available to exporters from the principal competing countries.