AVAILABILITY OF FUNDS FOR IRON DOME SHORT-RANGE ROCKET DEFENSE SYSTEM.

SEC. 1661. AVAILABILITY OF FUNDS FOR IRON DOME SHORT-RANGE ROCKET DEFENSE SYSTEM. (a) Availability of Funds.—Of the funds authorized to be appropriated by section 1502 for procurement, Defense-wide, and available for the Missile Defense Agency, not more than $350,972,000 may be provided to the Government of Israel to procure the Iron Dome short-range rocket defense system as specified in the funding table in section 4102, including for co-production of Iron Dome parts and components in the United States by industry of the United States. (b) Conditions.— (1) Agreement.—Funds described in subsection (a) to produce the Iron Dome short-range rocket defense program shall be available subject to the terms, conditions, and co-production targets specified for fiscal year 2015 in the “Agreement Between the Department of Defense of the United States of America and the Ministry of Defense of the State of Israel Concerning Iron Dome Defense System Procurement,” signed on March 5, 2014. (2) Certification.—Not later than 30 days prior to the initial obligation of funds described in subsection (a), the Director of the Missile Defense Agency and the Under Secretary of Defense for Acquisition, Technology, and Logistics shall jointly submit to the congressional defense committees— (A) a certification that the agreement specified in paragraph (1) is being implemented as provided in such agreement; and (B) an assessment detailing any risks relating to the implementation of such agreement.