US HB4951

Amends Section 8679 of title 10, U.S. Code to create a new exception allowing naval vessel construction in foreign shipyards under specific conditions

Foreign shipyard must be located in a NATO member country or an Indo-Pacific country that has a mutual defense treaty with the United States

Construction costs at the foreign shipyard must be less than what domestic shipyard construction would cost

Secretary of the Navy must certify to Congress before construction begins that the foreign shipyard is not owned or operated by a Chinese company or multinational company domiciled in the People's Republic of China

Exception applies to construction of naval vessels or major components of hulls and superstructures