; and (ii) any interest on the unpaid balance of the obligation for payment under clause (i), at a rate that, except as provided in subparagraph (B), is equivalent to the average interest rate, as of the last day of the month preceding the date on which such agreement is signed, that the United States Government pays on outstanding marketable obligations of comparable maturity. (B) Exception to interest rate requirement If the President submits to Congress a certification containing a determination that national security requires a lesser rate of interest than the rate calculated pursuant to subparagraph (A)(ii), a justification for such determination, and an identification of such lesser rate, the lesser rate so identified shall apply in lieu of the rate calculated pursuant to subparagraph (A)(ii). (c) Delegation of authority The President may delegate the authority under subsection (b) only to an official appointed by the President by and with the advice and consent of the Senate. (d) Procedures for delivery of defense articles Not later than 60 days after the date of the enactment of this Act, the President shall establish expedited procedures for the delivery of any defense article loaned or leased to the Government of Taiwan under subsection (b) to ensure the timely delivery of the defense article to such Government. (e) Report on determination of defense needs of Taiwan (1) Report Not later than 90 days after the date of the enactment of this Act, the Secretary of Defense, in collaboration with the Commander of the United States Indo-Pacific Command, shall submit to Congress a report on the potential loan and lease of defense articles to the Government of Taiwan under subsection (b). Such report shall include the following: (A) An initial assessment of the defense articles that are appropriate for such loan or lease. (B) An assessment of any supply chain or other logistical challenges associated with the loan or lease of defense articles identified pursuant to subparagraph (A). (C) A discussion of expected