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The Lend-Lease Act of March 11, 1941, was the principal means for providing U.S. military aid to foreign nations during World War II.he Lend-Lease Act of March 11, 1941, was the principal means for providing U.S. military aid to foreign nations during World War II.
Reverse Lend-Lease policies comprised services such as rent on air bases that went to the U.S., and totaled $7.8 billion; of this, $6.8 billion came from the British and the Commonwealth.resident Roosevelt signed the Lend-Lease bill into law on 11 March 1941. It permitted him to sell, transfer title to, exchange, lease, lend, or otherwise dispose of, to any such government [whose defense the President deems vital to the defense of the United States] any defense article..