A bill to amend the National Security Act of 1947 to provide the Office of the Inspector General of the Intelligence Community with law enforcement authority, and for other purposes.

S4712 was introduced in the Senate on June 9, 2026, by Senator Chuck Grassley. The bill proposes amending the National Security Act of 1947 to provide the Office of the Inspector General of the Intelligence Community with law enforcement authority. The bill has been referred to the Select Committee on Intelligence, placing it at the start of the legislative process. At this stage, no hearings, markups, or votes have occurred. The bill does not authorize or appropriate any funding and does not impose new requirements or incentives on private-sector entities. Because the legislative language itself is not provided, analysis is limited to the bill's title and summary. The affected parties would be internal to the Intelligence Community; no publicly traded company is directly obligated or benefited by this structural change. Without further committee action, amendments, or companion legislation, the bill remains procedural with no measurable market consequences. The most relevant sector—Defense and Technology—would only see impact if the bill later ties law enforcement authority to procurement or oversight functions that affect contractors. As of now, no such connection exists.