ASA: NDAA Bill Helps End CCP's Exploitation of America's Financial Markets

WASHINGTON – The American Securities Association (ASA) today applauded House 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.

“Since day one, Rep. Barr has led the charge to hold Communist China accountable, and the inclusion of his bipartisan FIGHT China Act in the House-passed NDAA bill is another important step toward ending the CCP’s exploitation of America’s financial markets," said ASA President and CEO Chris Iacovella. "We urge the Senate to move quickly to end CCP military 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.