Lend-Lease Act Law and Legal Definition

The Lend-Lease Act of 1941 is a U.S. federal statute. The Act aims to promote the defense activities in the U.S. The Act empowered the President to sell, transfer title to, exchange, lease, lend, or dispose of any defense article to any government of allied nations. The Activities mainly promoted the transfer of defense materials to Britain, the Soviet Union, and China. The Office of Lend-Lease Administration was established to carry out the object of the Act.