Camp David Accords and Egypt-Israel Peace Treaty (1978-1979)
Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin signed the Camp David Accords in 1978 and a full peace treaty in March 1979. In exchange, the US committed to substantial annual aid to both countries.
Egypt began receiving roughly $1.3 billion a year in US military aid by the late 1980s.
The aid became the foundation of US-Egypt relations and Washington's main leverage over Cairo.
This is the source of the $1.3 billion annual allocation that Rubio's waiver partially released.
