U.S. Senate Committee on Banking, Housing and Urban Affairs chairman Tim Scott highlights FY2026 NDAA enactment with Protect Our Bases Act, Defense Production Act extension and FIGHT China outbound investment screening

The U.S. Senate Committee on Banking, Housing and Urban Affairs published a press release highlighting Chairman Tim Scott’s interview on Banking Committee priorities included in the enacted Fiscal Year 2026 National Defense Authorization Act (NDAA). The committee framed the provisions as national security measures focused on foreign investment risks, industrial capacity and technology-related exposure to the People’s Republic of China. The package cited includes the Protect Our Bases Act, which updates Committee on Foreign Investment procedures by requiring regular updates to federal records of sensitive sites and adding annual reporting requirements. The NDAA also extends the Defense Production Act and includes language establishing core functions in defense production and strengthening domestic supply chains. In addition, the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act establishes an outbound investment screening process that allows the Treasury Department to restrict or require notification of certain U.S. investments in sensitive technologies in China, alongside added reporting requirements and targeted exemptions aimed at increasing transparency while limiting transactions deemed high-risk to U.S. national security.