H.R. 10675: Building United States Industrial Leadership and Development with Allies Act of 2026

This bill would create and expand several State Department programs aimed at strengthening U.S. economic and national security ties with allied and partner countries, especially in areas such as critical minerals, clean energy, manufacturing, cyber technology, and shipping.

Critical minerals and industrial technology partnerships

The bill would set up a State Department program to work with allies on critical minerals and related technologies. This would include supporting research centers, creating a public digital platform to share information, arranging workforce exchanges, and using financing and other tools to help build more secure and diverse supply chains. The goal is to reduce reliance on countries viewed as strategic competitors and improve U.S. competitiveness.

It would also fund State-managed projects and partnerships to develop, scale up, and commercialize technologies related to critical minerals, energy, and manufacturing. In addition, it would create a manufacturing exchange program and a cyber/digital procurement program to help governments identify and buy trusted U.S. technologies. Some of these authorities would expire after set time periods.

Trusted technology and cyber cooperation

The bill would create a State Department program to help vetted foreign governments purchase trusted U.S. cyber and digital technologies. It would include financing support, coordination with other federal agencies, reporting requirements, and oversight measures. The bill also includes safeguards intended to address anti-corruption concerns and human rights considerations.

It would establish a State Department office to manage parts of this work and expand diplomatic efforts related to U.S. trade and shipbuilding.

Maritime and shipbuilding initiatives

The bill would create new maritime and allied shipbuilding initiatives, including a proposed Maritime Group of Nations to coordinate shipping policy, expand maritime industrial capacity, and counter China’s influence in global shipping. It would direct the U.S. to take action at the International Maritime Organization (IMO) to oppose certain emissions mandates and taxes, promote U.S. leadership, and support maritime workforce development and standards.

Program structure and oversight

Across these efforts, the bill emphasizes partnerships with allies, financing tools, technical cooperation, and diplomacy. It also includes oversight, reporting, and anti-corruption measures, and some of the new authorities would end after specified periods unless renewed.

Relevant Companies

• LMT - Lockheed Martin could be indirectly affected through increased U.S. and allied government spending on secure technologies, industrial capacity, and related national security infrastructure.
• HII - Huntington Ingalls Industries could be affected by new shipbuilding and maritime industrial initiatives that may support U.S. and allied shipyard activity.
• NOC - Northrop Grumman may see indirect effects from expanded cyber, digital, and defense-related technology procurement by governments partnering with the U.S.
• RTX - RTX could be indirectly impacted by government demand for secure technologies, aerospace-related industrial capacity, and supply chain diversification efforts.
• FDX - FedEx could be indirectly affected if the bill changes shipping policy or maritime trade patterns, though any impact would likely be indirect.