; and (3) the President should regularize and expand existing forums of economic dialogue with Israel and foster both public and private sector participation. II Security assistance for Israel 201. Findings Congress makes the following findings: (1) On September 14, 2016, the United States and Israel signed a 10-year Memorandum of Understanding reaffirming the importance of continuing annual United States military assistance to Israel and cooperative missile defense programs in a way that enhances Israel’s security and strengthens the bilateral relationship between the two countries. (2) The 2016 Memorandum of Understanding reflected United States support of Foreign Military Financing (FMF) grant assistance to Israel over the 10-year period beginning in fiscal year 2019 and ending in fiscal year 2028. Such FMF grant assistance would equal $3.3 billion annually, totaling $33 billion. (3) The 2016 Memorandum of Understanding also reflected United States support for funding for cooperative programs to develop, produce, and procure missile, rocket and projectile defense capabilities over a 10-year period beginning in fiscal year 2019 and ending in fiscal year 2028 at a level of $500 million annually, totaling $5 billion. 202. Statement of policy It is the policy of the United States to provide assistance to the Government of Israel in order to help enable Israel to defend itself by itself and develop long-term capacity, primarily through the acquisition of advanced capabilities that are available from the United States. 203. Contingency plans to provide Israel with necessary defense articles and services (a) In general The President, acting through the Secretary of Defense and in consultation with the Secretary of State, shall establish and update as appropriate contingency plans to provide Israel with defense articles and services that are determined by the Secretary of Defense to be necessary for the defense of Israel. (b) Congressional briefing Not later than one year after the date of the enactment of this Act,