A bill to direct the Secretary of the Interior to carry out a feasibility study on a selective water withdrawal system at Glen Canyon Dam, and for other purposes.
Summary
S3743 is a procedural bill requiring a feasibility study for a selective water withdrawal system at Glen Canyon Dam, with no authorized construction funding and no direct impact on any publicly traded company. The bill remains in early committee stage and has no market-moving provisions.
See which stocks are affected
Key takeaways, market implications, full AI analysis, and connected signals are available to HillSignal members.
Already have an account? Log in
Key Takeaways
- 1.S3743 is a study-only bill with zero authorized construction dollars
- 2.Identifies no funding source for the study—only directs the Secretary to find already-appropriated funds
- 3.No publicly traded company is directly impacted at any stage of this legislation
Market Implications
No market implications. This bill is purely procedural and does not affect any publicly traded company's revenue, costs, or competitive positioning. Retail investors should not make any portfolio adjustments based on this legislation.
Full Analysis
-
What happened and its current status: Senator Mike Lee (R-UT) introduced S3743 on January 29, 2026. It was referred to the Committee on Energy and Natural Resources, and a subcommittee hearing was held on March 17, 2026. The bill orders a feasibility study for a selective water withdrawal system at Glen Canyon Dam to optimize hydropower generation and prevent invasive species entrainment. It remains in committee with no floor votes scheduled. An identical companion bill, HR8113, exists in the House.
-
The money trail: The bill explicitly authorizes no construction and no appropriated funds for any project. It directs the Secretary of the Interior to identify funding sources within 90 days for the feasibility study, with costs paid by the Secretary using already-appropriated funds. The bill explicitly states funds shall be 'nonreimbursable and nonreturnable' to the US government. There is no new spending authorized or appropriated.
-
Structural winners and losers: Because this is a study-only bill with no authorization for construction, no procurement, and no new funding, there are no direct winners or losers among publicly traded companies. Any potential impact from a future selective water withdrawal system would require: (a) a finding of feasibility, (b) concurrence from Colorado River Storage Project power contractors, and (c) separate authorization and appropriation for construction. All of those steps are years away, if they occur at all.
-
Competitive landscape: The Colorado River Storage Project power contractors include the Western Area Power Administration (a federal power marketing agency) and municipal/cooperative utilities such as Salt River Project (not publicly traded), Tri-State G&T (cooperative), and others. These entities are not publicly traded companies.
-
Timeline: The bill must pass the full Senate, then the House (or the identical HR8113), then be signed by the President. Even if passed, the feasibility study has 18 months from enactment to completion. Construction would require additional legislation and appropriations, likely years later.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
SLS FEDERAL SERVICES LLC: $1.3B Department of Homeland Security Contract
HANFORD TANK WASTE OPERATIONS & CLOSURE, LLC: $1.5B Department of Energy Contract
FISHER SAND & GRAVEL CO: $2.6B Department of Homeland Security Contract
SPENCER CONSTRUCTION LLC: $1.1B Department of Homeland Security Contract
FISHER SAND & GRAVEL CO: $2.8B Department of Homeland Security Contract
SOUTHWEST VALLEY CONSTRUCTORS CO: $1.7B Department of Homeland Security Contract
AMI METALS, INC: $1.5B Department of Homeland Security Contract
CLARK CONSTRUCTION GROUP LLC: $581M General Services Administration Contract
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Securing America’s Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials
This executive order restricts waivers for foreign-sourced critical materials in defense contracts, effective January 1, 2027, and mandates that defense contractors map their supply chains from raw materials to end products, vet subcontractors for risks, and prohibit covered materials from unreliable foreign suppliers. It directs the Secretary of War to enforce strict compliance, including requiring mitigation plans for any non-compliant materials and establishing penalties for fraud or willful noncompliance.
Securing the Nation Against Advanced Cryptographic Attacks
This executive order mandates a nationwide transition of federal information systems and critical infrastructure to post-quantum cryptography (PQC) by specific deadlines (2030 for key establishment, 2031 for digital signatures), directs NIST to lead technical guidance and a pilot project, requires agencies to appoint PQC migration leads, and orders the Federal Acquisition Regulatory Council to propose rules requiring contractors to comply with NIST PQC standards by 2030.
National Security Presidential Memorandum/NSPM-12
This memorandum rescinds previous national security directives and re-establishes the Committee on National Security Systems (CNSS) to enforce baseline cybersecurity standards across all National Security Systems (NSS) operated by the Department of War, Intelligence Community, and Federal Civilian Executive Branch agencies. It creates binding directives and complementary standards that must meet or exceed NIST guidelines, empowers the NSA Director as the National Manager to issue emergency directives and cryptography requirements, and holds agency heads accountable through government-wide oversight.
Free — no credit card
Get the next market-moving signal before the news does
HillSignal scores every Congressional bill, federal contract, and insider filing for market impact and emails you the high-conviction ones — free, no credit card.
Weekly digest — the congressional activity that actually moved markets that week, in plain English. Free, one email.
Free forever plan · No credit card · Unsubscribe in one click
Want the live terminal too? Create a free account →