Amends subsection (b) of 14 U.S.C. 1151 to allow the President to authorize exceptions to the prohibition on construction of Coast Guard vessels in foreign shipyards when in the national security interest and when certain conditions are met (shipyard located in a NATO member or an Indo‑Pacific mutual defense treaty partner and foreign construction cost is less than domestic), requires notice to Congress with a 30‑day waiting period before contracts, and requires the Commandant to certify that the foreign shipyard is not owned or operated by a Chinese company or a multinational domiciled in the People’s Republic of China prior to commencement of construction.

Amends 10 U.S.C. 8679(a) by inserting additional text (insertion location indicated but inserted text not included in this section).