A joint resolution to direct the removal of United States Armed Forces from hostilities within or against the Islamic Republic of Iran that have not been authorized by Congress.

On March 4, 2026, the Senate rejected a motion to discharge SJRES104 from the Committee on Foreign Relations by a vote of 47-53. This joint resolution, introduced by Senator Kaine (D-VA) and cosponsored by 27 members, aimed to direct the President to remove U.S. Armed Forces from hostilities within or against Iran unless explicitly authorized by Congress. The rejection of this motion means the bill did not advance out of committee, effectively maintaining the status quo regarding U.S. military involvement in the region. SJRES104 is an authorization bill, not an appropriation bill. It sought to define the scope of presidential authority regarding military action, but it did not contain any specific funding allocations. Therefore, there is no direct money trail associated with this bill. Its potential impact would have been on the operational environment for defense contractors and the stability of energy supply routes, rather than direct financial outlays. With the rejection of SJRES104, defense contractors such as Lockheed Martin Corporation ($LMT), RTX Corporation ($RTX), The Boeing Company ($BA), and Northrop Grumman Corporation ($NOC) face no immediate change in the operational environment that would alter existing contracts or future defense spending projections related to potential conflict with Iran. Similarly, energy companies like Exxon Mobil Corporation ($XOM), Chevron Corporation ($CVX), Shell plc ($SHEL), and BP p.l.c. ($BP) see no immediate disruption to the stability of oil and gas production or transit in the Middle East due to this legislative action. The bill's failure to advance means the existing framework for military engagement remains in place. Looking at recent market data, defense stocks have shown mixed performance over the past 30 days, with $LMT down 2.61%, $RTX down 2.67%, $BA down 4.4%, and $NOC down 5.98%. However, over the past 7 days, all these defense stocks have seen positive movement: $LMT up 6.57%, $RTX up 6.02%, $BA up 12.2%, and $NOC up 3.6%. Energy stocks have also shown varied performance over the past 30 days, with $XOM up 8.36%, $CVX up 4.72%, $SHEL up 12.9%, and $BP up 20.81%. Over the past 7 days, $XOM is down 4.72%, $CVX is down 5.62%, $SHEL is up 0.97%, and $BP is up 0.27%. The rejection of SJRES104 on March 4, 2026, occurred outside the 7-day market data window, and the subsequent market movements reflect broader sector trends rather than a direct, immediate reaction to this specific legislative event. Given the bill's rejection, no further legislative steps are expected for SJRES104 itself. However, the existence of several related bills (SJRES118, SJRES117, SJRES114, SJRES116) indicates ongoing interest in Congress regarding the authorization of military force, suggesting similar legislative efforts may emerge in the future.