DPA Modernization Act of 2026

This bill renews the Defense Production Act of 1950, which lets the federal government prioritize and fund production of goods needed for national defense, and extends it through 2031. It limits when the government can use its priority powers and how long it can control civilian market supplies. It shifts many decisions to a Defense Production Act Committee led by the budget office and a fund run by the Treasury Secretary. It also limits government ownership stakes in companies, creates a program to support critical mineral mining and processing, and sets up a volunteer National Defense Executive Reserve. It also bars aid to companies tied to top officials and adds review of certain farmland purchases by foreign buyers from China, North Korea, Russia, and Iran.

Full text and official record on Congress.gov

Sponsors

• Warren Davidson Republican sponsor
• 4 cosponsors