BILL ANALYSIS

HR10005

NEUTRAL

To direct the Assistant Secretary of Commerce for Communications and Information to conduct a survey with respect to data center resource consumption, and for other purposes.

HR10005 (To direct the Assistant Secretary of Commerce for Communications and Information to conduct a survey with respect to data center resource consumption, and for other purposes.) has been assessed with a neutral outlook for investors. The primary sectors impacted are Technology, Utilities and Energy. View the full bill text on Congress.gov.

neutral

Market Sentiment

4/10

Impact Score

Sectors Impacted

Key Takeaways for Investors

HR10005 is a data-gathering bill with no funding, no mandates, and no direct market impact.

The bill is in early legislative stages and faces a long path to enactment.

No tickers are materially affected; the bill is procedural and informational.

How HR10005 Affects the Market

No market implications. The bill is a data-gathering exercise with no financial teeth. Data center REITs (EQIX, DLR) and utilities (NEE, DUK, SO) are unaffected. The bill does not change any company's revenue, costs, or competitive position.

Bill Details

Metric	Value
Bill Number	HR10005
Market Sentiment	neutral
Event Date	July 30, 2026
Affected Sectors	Technology, Utilities, Energy
Source	View on Congress.gov →

Summary

HR10005, introduced by Rep. Scholten (D-MI), directs a survey on data center resource consumption. It is in early legislative stages (referred to committee). The bill has no funding, no mandates, and no direct market impact. It is a data-gathering exercise with no near-term financial implications for any sector.

⚡ Government Convergence

AI Compute / Datacenter PowerConvergence score 100 · 5 channels · 55 events

Over the last 90 days, 55 separate government actions have converged on AI Compute / Datacenter Power. What that means: federal dollars are already moving — agencies are soliciting bids and awarding contracts, not just talking, and legislation and executive action are building the policy and funding tailwind behind it. When independent channels move together like this — 24 bills, 20 procurement notices, 8 federal contracts, 2 SEC filings and 1 patents — it's the clearest early tell that Washington is committing to ai compute / datacenter power, the kind of build-up that reshapes the sector well before it's obvious in the headlines.

Converging government actions

BillUnleashing Low-Cost Rural AI Act · 2025-09-09
BillClean Cloud Act of 2025 · 2025-11-20
BillData Center Transparency Act · 2026-01-08
ContractCLARK/SMOOT/CONSIGLI, A JOINT VENTURE: IGF::OT::IGF PRE-CONSTRUCTION SERVICES, NATIONAL AIR&SPACE MUSEUM REVITALIZATION · 2026-03-17
BillTo facilitate the export of United States artificial intelligence systems, computing hardware, and standards globally. · 2026-04-22
Procurement notice7C20--Data Center and Telecommunications Modernization (VA-26-00039374) · 2026-05-15
ContractCA, INC.: NEW 66 MONTH OPEN-MARKET CONTRACT FOR RENEWAL OF CA SOFTWARE, SUPPORT SERVICES, AND MAINTENANCE. CA PROPRIETARY SOFTWARE PRODUCTS ARE USED E · 2026-05-19
Procurement noticeInstallation of Dedicated 120VAC and 240VAC Receptacles for Data Center Re-cabling Project · 2026-06-10
Procurement noticeY1DA--573-21-106 EHRM Infrastructure Upgrades and Data Center Construction - Gainesville VAMC · 2026-06-26
Procurement noticeY1DA--534-24-706 EHRM Data Center Upgrades Construction - Charleston · 2026-07-21
ContractPERATON ENTERPRISE SOLUTIONS LLC: IGF::OT::IGF: FEDERAL STUDENT AID'S VIRTUAL DATA CENTER, PROVIDING CENTRALIZED HOSTING AND MANAGEMENT OF ELECTRONIC DATA AND COMPUTER APPLIC · 2026-08-05
Procurement notice7C20--Data Center and Telecommunications Modernization (VA-26-00039374) · 2026-08-05
Procurement noticeM3 Datacenter Relocation and Decommission · 2026-08-12
Procurement noticeRFI for Network Time Synchronization System (ISF Data Center) · 2026-08-12

Full AI Market Analysis

HR10005 was introduced on July 30, 2026, by Rep. Hillary Scholten (D-MI) and referred to the House Committee on Energy and Commerce. The bill directs the Assistant Secretary of Commerce for Communications and Information to conduct a survey on data center resource consumption (energy, water, land). It is an early-stage, procedural bill with no authorized funding, no regulatory mandates, and no spending. The bill's sole purpose is information gathering. There is no money trail — the bill does not authorize or appropriate any funds. It does not create tax credits, grants, or procurement programs. The legislative path is long: it must pass committee, the full House, the Senate, and be signed by The President. Given the early stage and lack of substantive provisions, the probability of enactment in its current form is low. Structural winners and losers: None. The bill is purely informational. Data center REITs (EQIX, DLR) and utilities (NEE, DUK, SO) face no direct financial impact. Timeline: The bill was referred to committee on July 30, 2026. No hearings, markups, or votes have occurred. The 119th Congress runs through January 2027, leaving limited time for passage.