WASHINGTON, May 8 -- The House Financial Services Committee issued a report (H.Rpt. 119-611) on the DPA Modernization Act (H.R. 7688). The report was advanced by Rep. French Hill, R-Arkansas, on April 15, 2026. Here are excerpts: * * * Purpose and Summary H.R. 7688, the DPA Modernization Act of 2026, was introduced on February 25, 2026, by Republican Representative Warren Davidson (OH-08). H.R. 7688 reforms and reauthorizes the Defense Production Act of 1950 (DPA), a set of authorities that   more