ASA Applauds Passage of NDAA to Help End CCP's Exploitation of America's Financial Markets

WASHINGTON – The American Securities Association (ASA) today applauded Senate passage of the National Defense Authorization Act (NDAA) for Fiscal Year 2026, which includes the bipartisan FIGHT China Act to prevent American capital from financing the Chinese Communist Party’s (CCPs) military buildup, technological dominance, and human rights abuses.

"As the NDAA bill heads to President Trump's desk, ASA applauds Congressional leadership for including the bipartisan FIGHT China Act which helps end the CCP’s exploitation of America’s financial markets," said ASA President and CEO Chris Iacovella. "We look forward to working with the Trump administration, Treasury, and the SEC to end CCP military, technology, and surveillance companies from using the ‘passive index loophole’ to access American capital.”

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The American Securities Association (ASA) represents the retail and institutional capital markets interests of regional financial services firms who provide Main Street businesses with access to capital and advise hardworking Americans how to create and preserve wealth. ASA’s mission is to promote trust and confidence among investors, facilitate capital formation, and support efficient and competitively balanced capital markets. This mission advances financial independence, stimulates job creation, and increases prosperity. The ASA has a geographically diverse membership of almost one hundred members that spans the Heartland, Southwest, Southeast, Atlantic, and Pacific Northwest regions of the United States.