HR6371

1) What happened: Representative Bonamici (D-OR) introduced the No Robot Bosses Act (HR6371) on December 3, 2025. The bill was referred to the Committee on Education and Workforce, Committee on House Administration, and Committee on Oversight and Government Reform. As of today (April 30, 2026), the bill has had zero additional legislative actions in nearly five months — it is stalled at the committee referral stage with no hearings, markups, or companion Senate bill. This is a procedural long-term risk, not an immediate market mover. 2) The money trail: The bill authorizes NO funding — no grants, no tax credits, no direct appropriations. It imposes compliance costs exclusively on private-sector employers and HR technology vendors. There is no fiscal impact to the federal budget. The enforcement mechanism would be via DOL or private right of action, but no dollars flow to any company from this bill. 3) Structural winners and losers: If this bill ever advanced, pure-play HR technology vendors like $WORK (Workday, HR/payroll SaaS) would face the most exposure — their talent acquisition and performance management modules use AI-driven screening and recommendations. However, at this procedural stage, the probability of passage in the 119th Congress is negligible. No tickers warrant action today. 4) Real market data context: closed at $227.10 on April 29, 2026, down 1.72% in the 7-day window and down 4.28% over 30 days. is near its 52-week low of $220.72. This price weakness correlates with broader tech selloffs and IBM's Q1 earnings miss on April 23 ($231.08 close from $251.86 the prior day) — not with the dormant No Robot Bosses Act. 5) Timeline: To become law, HR6371 must pass through three committees (Education and Workforce, House Administration, Oversight and Government Reform), receive a House floor vote, pass the Senate (where no companion bill exists), and be signed by the President. With no committee actions in 5 months and a divided Congress, the path to enactment is effectively zero for the 119th Congress.