BILL ANALYSIS

HR10809

BEARISH

Make Data Centers Pay Act

HR10809 (Make Data Centers Pay Act) has been assessed with a bearish outlook for investors. The primary sectors impacted are Technology and Energy. View the full bill text on Congress.gov.

bearish

Market Sentiment

4/10

Impact Score

Sectors Impacted

Bill Details

Metric	Value
Bill Number	HR10809
Market Sentiment	bearish
Event Date	October 13, 2026
Affected Sectors	Technology, Energy
Source	View on Congress.gov →

Summary

The Make Data Centers Pay Act (HR10809) would require data centers and high-density computing facilities (including crypto mining) with loads >=20 MW to bear the incremental grid upgrade costs, preventing cost socialization to other ratepayers. Introduced on October 13, 2026, and referred to the House Energy and Commerce Committee, the bill is in early stage. If enacted, it would increase capital costs for major cloud providers (AWS, Azure, Google Cloud, Meta, Oracle) and data center REITs (Equinix, Digital Realty), and directly impact cryptocurrency miners (Marathon Digital, Riot Platforms, Hut 8, CleanSpark) by raising their power interconnection expenses.

⚡ Government Convergence

Crypto / Digital Asset PolicyConvergence score 92 · 5 channels · 11 events

Over the last 90 days, 11 separate government actions have converged on Crypto / Digital Asset Policy. What that means: legislation and executive action are building the policy and funding tailwind behind it, and R&D and corporate filings show the supply side gearing up. When independent channels move together like this — 4 bills, 4 SEC filings, 1 news, 1 executive actions and 1 patents — it's the clearest early tell that Washington is committing to crypto / digital asset policy, the kind of build-up that reshapes the sector well before it's obvious in the headlines.

Converging government actions

SEC filingAwaken crypto tax tracking Aquatic Club Ltd · 2025-03-20
BillKeep Your Coins Act of 2025 · 2025-07-15
Congressional tradeMarjorie Taylor Greene bought IBIT ($1,001 - $15,000) · 2025-10-20
BillClean Cloud Act of 2025 · 2025-11-20
Congressional tradeByron Donalds bought BTC ($1,001 - $15,000) · 2026-02-12
Executive actionExecutive Order: Integrating Financial Technology Innovation into Regulatory Frameworks · 2026-05-19
BillDigital Asset Market Clarity Act of 2025 · 2026-06-01
SEC filingCoinbase Stablecoin Yield US Access Fund, L.P. · 2026-07-24
SEC filingKC Bitcoin Fund I, L.P. · 2026-07-28
SEC filingNFT Ltd (MI) IPO Priced — 424B4 Final Prospectus Filed · 2026-08-24
SEC filingDigital Asset Special Investments I, LP · 2026-09-08
BillDigital Asset Tax Certainty Act · 2026-09-14
News“Main Street Meets Crypto: What Digital Assets Mean for Small Businesses.” · 2026-09-15
BillTo amend the Small Business Act to help small business concerns critically evaluate digital assets, and for other purposes. · 2026-09-15

AI Compute / Datacenter PowerConvergence score 89 · 4 channels · 54 events

Over the last 90 days, 54 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 — 26 bills, 23 federal contracts, 3 patents and 2 SEC filings — 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
ContractBUCHANAN & EDWARDS, INC.: JOB CORPS DATA CENTER IT FACILITIES MANAGEMENT CONTRACT · 2026-06-16
ContractACCENTURE FEDERAL SERVICES LLC: DATA CENTER SUPPORT SERVICES FOR THE OFFICE OF INFORMATION&TECHNOLOGY. IGF::OT::IGF · 2026-09-08
ContractGENERAL DYNAMICS INFORMATION TECHNOLOGY, INC.: OPERATE AND MAINTAIN THE OBIM INFRASTRUCTURE COMPONENTS AND ASSOCIATED APPLICATIONS AND OTHER FUNCTIONALITY OF THE PRODUCTION AND NON-PRODUC · 2026-09-17
ContractFREQUENTIS USA, INC: $594M Department of Transportation Contract · 2026-09-22
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 · 2026-09-29
BillData Center Transparency Act of 2026 · 2026-09-30
ContractCA, INC.: NEW 66 MONTH OPEN-MARKET CONTRACT FOR RENEWAL OF CA SOFTWARE, SUPPORT SERVICES, AND MAINTENANCE. CA PROPRIETARY SOFTWARE PRODUCTS ARE USED E · 2026-09-30
ContractDELL FEDERAL SYSTEMS L.P: DATA CENTER VIRTUAL INFRASTRUCTURE (DCVI) DELL SERVER REFRESHMENT HARDWARE FROM THE AGENCY SERVER HARDWARE IDIQ CONTRACT NO. 28321322D000600 · 2026-10-02
ContractSCIENCE APPLICATIONS INTERNATIONAL CORPORATION: $311M Department of State Contract · 2026-10-05

Full AI Market Analysis

The Make Data Centers Pay Act (HR10809) was introduced by Rep. Vindman (D-VA) on October 13, 2026, and referred to the House Committee on Energy and Commerce. It is an early-stage bill with no Senate companion. The bill amends the Federal Power Act to add a new section requiring that the incremental costs of serving electric load from data centers and high-density computing facilities (including AI training, cloud computing, and cryptocurrency mining) with a load of 20 MW or more be assigned to that load, rather than being socialized across all ratepayers. The bill does not authorize or appropriate any funding; it is