Defending American Property Abroad Act of 2026

New U.S. port rules after foreign seizures

If enacted, the President would be able to label a foreign port or terminal as covered after that country seizes U.S.-owned property there. This would only apply in Western Hemisphere countries that have a free trade deal with the United States, and where the port was reachable only through land owned or controlled by a U.S. person. A ship that used a covered port would be allowed to enter or operate in U.S. ports or waters in an emergency or if its owner authorizes it. The President would not be able to make a designation if the dispute is already in pending arbitration under that trade deal. The President would have to remove the label if ownership is restored, seizure measures end, full compensation in convertible currency or an agreed equivalent is paid, or the dispute is otherwise resolved. These changes would take effect upon enactment.