This report provides selected highlights of the version of the FY2017 National Defense Authorization Act (NDAA) passed by the House on May 18, 2016 (H.R. 4909) and the version reported by the Senate Armed Services Committee on the same date (S. 2943). Table 1 provides a summary of amounts recommended for authorization. Table 2 provides a summary of selected congressional budget reductions and restrictions, and Table 3 provides a summary of selected Administration policy and cost-cutting proposals. Table 4 provides a summary of selected congressional budget increases and policy initiatives.