Amend section 1151 of title 14, United States Code, to modify the restriction on construction of Coast Guard vessels in foreign shipyards.

Summary

Allows the U.S. government to make limited exceptions to the ban on building certain government vessels in foreign shipyards when it is in the national security interest. The President can authorize such an exception after a 30-day congressional notification period and a required certification showing the foreign yard is an ally (NATO or an active Indo‑Pacific defense treaty partner), is cheaper, and can deliver substantially faster and reliably based on recent performance. The Secretary may also buy a completed vessel from an allied foreign yard if that government provides a warranty to the U.S. Government.

• Creates a narrow presidential waiver to the foreign-construction ban for government vessels when in the national security interest.
• Requires a 30-day congressional notification/waiting period before an exception can take effect.
• Mandates certifications, coordinated with the Commandant, that the foreign yard is allied (NATO or Indo‑Pacific treaty partner), cheaper, and can deliver at least 18 months sooner.
• Requires five‑year performance evidence that the foreign yard can meet the missions described in 6 U.S.C. 468(a) at lower cost and within 18 months of domestic timelines.
• Allows the Secretary to acquire completed vessels from allied foreign yards if the foreign government provides a warranty to the U.S. Government.
• Limits exceptions to yards in allied countries and ties approvals to cost, schedule, and demonstrated past performance.
• Does not itself appropriate funds or change tax law; it changes procurement and acquisition authorities.
• Strengthens executive ability to meet urgent vessel needs while adding specific oversight and certification requirements.