By February 1, the President must report on the dollar value and quantity of defense articles (including excess defense articles), defense services and military training transferred to each foreign country and international organization during the previous fiscal year. The report must specify whether the defense articles were furnished under the Foreign Military Sales (FMS) program or licensed for export under the Direct Commercial Sales (DCS) program. The report must also document foreign military items imported into the United States, by country and by type. This annual report must be submitted to the Congress. It is required by Section 655 of the Foreign Assistance Act of 1961 (P.L. 87-195), as amended (also known as section 2415 of Title 22, U.S. Code).
The Direct Commercial Sales portions of past "655" reports are available on the State Department's website.
The Foreign Military Sales portions of past "655" reports are available on the website of the Federation of American Scientists.