This legislation, titled the China Advanced Technology Monitoring Act, requires the Secretary of Defense to submit an annual report on the People's Republic of China's semiconductor manufacturing capabilities. This report, covering both advanced and mature-node semiconductors, must be delivered to the Congressional Armed Services Committees annually for five years, beginning May 1, 2026. The Secretary of Defense will consult with other federal departments and agencies as appropriate to compile this comprehensive assessment. The report must include a detailed analysis of China's domestic manufacturing capabilities, its industrial policies, and technological developments in semiconductor manufacturing and artificial intelligence chipmaking. It will also examine China's engagement with other foreign countries regarding semiconductor equipment and assess the impact of United States and allied export controls on China's development, including potential workarounds. Furthermore, the report will evaluate the implications of Chinese semiconductor manufacturing dominance on United States global competitiveness , national security , and the national economy . The final report will be submitted in an unclassified form with a classified annex, and the unclassified portion will be made publicly available.