National Defense Authorization Act for Fiscal Year 2026

Redesignates existing subsections (h) and (i) as (i) and (j), inserts a new subsection (h) establishing a Chief Strategic Officer (appointment, duties, removability), modifies officers/employees selection and appointment rules, revises and expands the Development Finance Advisory Council provisions, and adds multiple new subsections establishing a Congressional Strategic Advisory Group, a Strategic Priorities Plan, a report on development finance education at the Foreign Service Institute, and an internship program.

Adds a new subsection (c) directing the Board to submit, not later than 90 days after enactment, a report describing efficiencies that may be gained by consolidating functions of the independent accountability mechanism under the Inspector General, including how the IG would develop necessary ESG expertise.

Adds a new paragraph establishing a 'Corporate Equity Investment Account' (Equity Investment Account) in the Treasury as a revolving account administered by the Corporation, with purposes, retention of earnings, and an authorization of appropriations; modifies subsection (f) on special projects and related notification and certification requirements.

Modifies subsection (b) to restate the 20 percent risk-of-loss requirement and adds a new subsection (c) requiring development of best practices to prevent usurious or abusive lending by intermediaries, required truth-in-lending policies, and audit requirements; includes a reporting requirement on truth-in-lending policies not later than 180 days after enactment.

Revises the statutory termination date for the authorities provided under the subchapter, replacing the prior '7 years after the date of enactment' formulation with an explicit termination date of December 31, 2031.

Adds a new subsection (e) expressing the sense of Congress that the Corporation should consult and collect input from current employees prior to substantially reorganizing and should consider preference, experience, and seniority when reassigning employees.

Amends section 1432(a)(10) by striking specified text (removal of the listed provision from subsection (a)(10)).

Revises the maximum contingent liability of the Corporation from the previous statutory figure to an aggregate cap of $205,000,000,000 and clarifies that the cap applies to all extensions of liability regardless of cited authority.

Strikes and replaces the prior performance measurement language to require development of a development impact measurement system known as the Corporation's Impact Quotient, adds standards for monitoring compliance with environmental and social standards, requires methods to ensure in-person site visits for high-risk projects after initial disbursement, adds a required performance measures update for the Congressional Strategic Advisory Group, and adds a staffing subsection (f) imposing requirements to maintain adequate personnel, qualifications, organizational independence, and protections against reductions without CEO certification and reporting.

Amends Section 1443 (annual report) provisions to adjust paragraph punctuation and content, require coordination with Federal departments and agencies (including liaison with U.S. country teams overseas), broaden enumerated management and coordination duties, and add elements related to implementation of development impact strategy and interagency coordination.