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DoDFMR 7000.14-R Volume 11A, Chapter 8 - International Acquisition and Cross-Servicing Agreements; U.S. Government Accountability Office: DOD Should Improve Oversight and Seek Payment from Foreign Partners for Thousands of Orders it Identifies as Overdue
[4] The Under Secretary is chair of the Financial Management Modernization Executive Committee, which has the goal of making sure that each of the Department of Defense's critical accounting, financial, and data feeder systems are compliant with applicable federal financial management and reporting requirements. [ 5 ]
[2] [4] The DSCA describes FMS as "a fundamental tool of U.S. foreign policy." [5] FMS was the primary channel for U.S. arms exports until the 1980s, when the limits on the size of permitted Direct Commercial Sales (DCS) was lifted. [6] DCS was seen by buyers to be faster, more cost-effective and less-transparent than FMS.