BILL ANALYSIS

HR7509

BEARISH

Deterring Adversarial Access to Americans’ Data Act

HR7509 (Deterring Adversarial Access to Americans’ Data Act) carries an AI-assessed market impact score of 4/10 with a bearish outlook for investors. This legislation directly affects Alphabet ($GOOGL), Microsoft ($MSFT), Amazon ($AMZN) and Apple ($AAPL) and 3 other tickers. The primary sectors impacted are Technology. View the full bill text on Congress.gov.

4/10

Impact Score

bearish

Market Sentiment

Affected Stocks

Sectors Impacted

Key Takeaways for Investors

HR7509 proposes to deny tax credits and bonus depreciation for companies using foreign adversary-controlled technology.

The bill directly targets the profitability of major technology firms with global supply chains.

The bill is in early stages, referred to the House Committee on Ways and Means, and does not involve direct funding authorization.

How HR7509 Affects the Market

The proposed 'Deterring Adversarial Access to Americans’ Data Act' could increase operational costs for technology giants like Alphabet ($GOOGL), Microsoft ($MSFT), Amazon ($AMZN), Apple ($AAPL), NVIDIA ($NVDA), and Taiwan Semiconductor Manufacturing Company ($TSM) by denying tax benefits. This would necessitate a re-evaluation of their supply chain dependencies on foreign adversary-controlled technology. While the bill is in its initial committee stage, its progression could lead to significant long-term shifts in technology supply chain strategies and potentially impact profit margins for companies heavily reliant on such technology. Intel ($INTC) could see a potential benefit from increased demand for domestic alternatives. Recent market data shows varied performance across these technology stocks. Alphabet ($GOOGL) and Microsoft ($MSFT) have experienced slight declines over the past 30 days (-0.3% and -9.2% respectively), while Amazon ($AMZN) and Apple ($AAPL) also show minor negative 30-day changes. NVIDIA ($NVDA) and Taiwan Semiconductor Manufacturing Company ($TSM) have also seen 30-day declines. Intel ($INTC) stands out with a significant 30-day gain of +10.51%. These movements are not directly attributable to HR7509 at this early stage, but the bill introduces a future regulatory risk for companies with extensive international supply chains.

Bill Details

Metric	Value
Bill Number	HR7509
Impact Score	4/10Certainty: Introduced/Referred · Financial Magnitude: No explicit funding identified · Strategic Weight: AI qualitative assessment: 6/10 · Market Penetration: 7 companies — very broad impact
Market Sentiment	bearish
Event Date	February 11, 2026
Affected Sectors	Technology
Affected Stocks	Alphabet ($GOOGL), Microsoft ($MSFT), Amazon ($AMZN), Apple ($AAPL), NVIDIA ($NVDA), Taiwan Semiconductor ($TSM), Intel ($INTC)
Source	View on Congress.gov →

Summary

The 'Deterring Adversarial Access to Americans’ Data Act' (HR7509) proposes to deny tax credits and bonus depreciation for major technology firms utilizing foreign adversary-controlled technology. This bill, currently in the early stages, aims to increase operational costs for companies with global supply chains and data infrastructure, directly impacting profitability for firms like Alphabet and Microsoft. The bill has been referred to the House Committee on Ways and Means.

Full AI Market Analysis

The 'Deterring Adversarial Access to Americans’ Data Act' (HR7509) was introduced on February 11, 2026, by Rep. Moran (R-TX-1) and subsequently referred to the House Committee on Ways and Means. This bill seeks to amend the Internal Revenue Code of 1986 to deny certain tax credits and deductions, specifically bonus depreciation, to businesses that use foreign adversary-controlled technology. The bill defines 'foreign adversary-controlled technology' broadly, encompassing information and communications technology or services designed, developed, manufactured, or provided by specified foreign entities or those dependent on such technology for core functionality. As an early-stage bill, it has only seen initial referral to committee. This bill does not authorize or appropriate direct funding. Instead, its mechanism is punitive, aiming to increase the cost of doing business for companies that rely on technology from designated foreign adversaries. By denying tax credits and bonus depreciation, the bill directly impacts the financial incentives for technology firms to maintain global supply chains that include components or services from these regions. The financial impact would be realized through higher effective tax rates and reduced capital expenditure benefits for affected companies. Structural losers under this proposed legislation would be major technology firms with extensive global supply chains and data infrastructure that currently utilize or are dependent on foreign adversary-controlled technology. Companies like Alphabet ($GOOGL), Microsoft ($MSFT), Amazon ($AMZN), Apple ($AAPL), NVIDIA ($NVDA), and Taiwan Semiconductor Manufacturing Company ($TSM) could face increased operational costs if they need to reconfigure their supply chains or data infrastructure to avoid the tax penalties. Intel ($INTC), as a domestic chip manufacturer, could potentially benefit from increased demand for domestically sourced components, though the bill's primary impact is on those utilizing foreign technology. The bill's early stage means the full scope of 'foreign adversary-controlled technology' and its enforcement mechanisms are still subject to committee review and potential amendments. In recent market activity, Alphabet ($GOOGL) is trading at $299.99, showing a 7-day change of +9.69% but a 30-day change of -0.3%. Microsoft ($MSFT) is at $372.88, with a 7-day change of +3.88% and a 30-day change of -9.2%. Amazon ($AMZN) is at $212.79, with a 7-day change of +5.89% and a 30-day change of -2.81%. Apple ($AAPL) is at $258.86, with a 7-day change of +4.96% and a 30-day change of -0.55%. NVIDIA ($NVDA) is at $177.64, with a 7-day change of +7.55% and a 30-day change of -3.11%. Intel ($INTC) is at $50.78, showing a 7-day change of +23.28% and a 30-day change of +10.51%. Taiwan Semiconductor Manufacturing Company ($TSM) is at $341.76, with a 7-day change of +7.98% and a 30-day change of -3.42%. These recent price movements reflect broader market dynamics and do not yet show a direct impact from this specific bill, given its early legislative stage. The next legislative step for HR7509 is consideration within the House Committee on Ways and Means, where it may undergo hearings, markups, and potential amendments before it can be reported to the full House for a vote.