1. Short title This Act may be cited as the Eastern European Security Act . 2. Sense of Congress It is the sense of Congress that it is in the national security interest of the United States for member countries of the North Atlantic Treaty Organization (NATO) that were formerly part of the Soviet Eastern Bloc— (1) to have modern and effective defense articles that are in use and easily integrated with those used by the United States and other NATO allies; and (2) not use or be dependent on Russian or former Soviet-era defense articles. 3. Foreign military loan authority (a) In general Subject to the notification requirements under subsection (b), the President, acting through the Secretary of State, is authorized— (1) to make direct loans under section 23 of the Arms Export Control Act ( 22 U.S.C. 2763 ) to NATO countries that joined the alliance after March 1, 1999, notwithstanding the minimum interest rate required by subsection (c)(1) of such section; and (2) to charge fees for such loans under paragraph (1), which shall be collected from borrowers in accordance with section 502(7) of the Congressional Budget Act of 1974, and which may be used to cover the costs of such loans as defined in section 502 of the Congressional Budget Act of 1974. (b) Notification A loan may not be made under the authority provided by subsection (a) unless the Secretary of State submits to the appropriate congressional committees a certification, not fewer than fifteen days before entering into an agreement to make such loan, that— (1) the recipient country is making demonstrable progress toward meeting its spending obligations in accordance with the 2014 NATO Wales Summit