Inserts a new section 1107B into Title XI of the National Security Act of 1947 requiring the Director of National Intelligence to conduct and regularly update net assessments of the People’s Republic of China and make those assessments available consistent with protection of sources and methods.

Adds a new subsection (g) to section 103M establishing a National Intelligence Manager for the People’s Republic of China, including timing for appointment, waiver authority and duration, renewal of waivers, and a termination date for the subsection.

Amends the provision implementing section 6512 of the Intelligence Authorization Act for Fiscal Year 2023 by making edits to subsection (b) (technical insertions/strikings) and replacing the prior 4-year termination trigger in subsection (c) with an explicit December 31, 2028 termination date and adding direction that the Director and Coordinator shall carry out the section before that date regardless of any ceasefire or cessation of hostilities.

Amends section 102A(f)(3)(A)(iv) of the National Security Act of 1947 (codified at 50 U.S.C. 3024) by striking the existing text beginning at that subparagraph and inserting a semicolon.

Adds a new Title XII to the National Security Act of 1947 (50 U.S.C. 3001 et seq.), including new sections such as 1203 (prohibition on requiring political or ideological activism) and 1204 (merit-based personnel decisions), and transfers and redesignates existing sections 1104 and 1106 into the new title as sections 1201 and 1202.

Amends Title III of the Central Intelligence Agency Retirement Act (50 U.S.C. 2151 et seq.) by adding a new section 308 treating certain Agency service as active-duty service for purposes of benefits administered by the Secretary of Veterans Affairs under title 38, U.S.C., and defining related terms.

Amends the definition section of the National Security Act of 1947 by inserting additional language into subsection (3) (the definition of 'counterintelligence').

Modifies membership/attendance language for the National Security Council to add the Director of the National Counterintelligence Center to the list of officers the President may designate to attend and participate in meetings.

Redesignates and transfers the existing notice and damage assessment provision and revises responsible official and reporting/notification requirements, adding agency obligations and semiannual reporting by the Director of the National Counterintelligence Center.

Redesignates the National Counterintelligence and Security Center as the National Counterintelligence Center (renaming the statutory component and related references).