A bill to prohibit the commercial export of covered munitions items to the Hong Kong Police Force.

S.2710 was introduced by Sen. Merkley (D-OR) in October 2019 and passed rapidly with bipartisan support, becoming Public Law 116-77 on November 27, 2019. The law banned the issuance of export licenses for specific less-lethal munitions to the Hong Kong Police Force and Hong Kong Auxiliary Police Force. The items covered included tear gas, pepper spray, rubber bullets, foam rounds, bean bag rounds, pepper balls, water cannons, handcuffs, shackles, stun guns, and tasers. The President could make exceptions with a certification to Congress. The ban included a one-year sunset provision, meaning it expired exactly one year after enactment—November 27, 2020. As of today's date (July 28, 2026), the law is no longer in effect. There is no ongoing funding or regulatory mechanism. The original legislation did not authorize any spending; it was purely a trade restriction. The primary affected companies would have been U.S. manufacturers and exporters of these items, notably Axon Enterprise ($AXON), which produces tasers and other less-lethal devices. However, any revenue impact was limited to the one-year window and has long since passed. No convergence with other signals is present in the provided data. The legislative history shows unanimous consent and bipartisan cosponsorship, indicating broad agreement at the time, but with the sunset ensuring a temporary measure. For current investors, this bill presents no actionable signal.