A bill to amend the FISA Amendments Act of 2008 to extend the authorities of title VII of the Foreign Intelligence Surveillance Act of 1978, and for other purposes.
Summary
S4764 was introduced in the Senate on June 11, 2026, to extend Title VII authorities of FISA. It has been referred to the Select Committee on Intelligence with no further action. At this early stage, no direct market impact is expected.
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Key Takeaways
- 1.S4764 is in early legislative stage — no committee action yet.
- 2.Bill extends existing FISA surveillance authorities — no new spending or programs.
- 3.No direct market impact on any specific company at this stage.
Market Implications
The bill is in early stage with no market-moving provisions. Companies like $LMT, $RTX, $BA, or telecom providers could face indirect compliance costs if authorities change, but no specific mechanism is present. No actionable market signal.
Full Analysis
On June 11, 2026, Senator Tom Cotton (R-AR) introduced S4764 in the 119th Congress. The bill amends the FISA Amendments Act to extend surveillance authorities under Title VII of the Foreign Intelligence Surveillance Act. It has been read twice and referred to the Select Committee on Intelligence — a standard procedural step. The bill is in early stage with only two recorded actions: introduction and referral. No committee hearings, markups, or votes have occurred. The bill does not authorize or appropriate any funding; it primarily extends existing legal authorities. The surveillance framework is relevant to intelligence contractors and technology companies that comply with FISA requests, but no specific company is named or directly affected by this procedural bill. Without further legislative progress or specific funding provisions, the market impact is negligible. The sponsor is a senior Republican, but committee assignment and timing will determine momentum.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
A bill to amend the FISA Amendments Act of 2008 to extend the authorities of title VII of the Foreign Intelligence Surveillance Act of 1978, and for other purposes.
A bill to implement reforms relating to foreign intelligence surveillance authorities, protections relating to warrantless queries for the communications of United States persons, and for other purposes.
A bill to amend the Foreign Intelligence Surveillance Act of 1978 to prohibit the use of authorities under such Act to surveil United States persons and to prohibit the use of information acquired under such Act in any criminal, civil, or administrative proceeding or as part of any criminal, civil, or administrative investigation.
To authorize appropriations for fiscal year 2027 for intelligence and intelligence-related activities of the United States Government, the Intelligence Community Management Account, and the Central Intelligence Agency Retirement and Disability System, and for other purposes.
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