contract_awardAwarded Tuesday, September 15, 2026Analyzed

B.I. INCORPORATED: $229M Department of Homeland Security Contract

Neutral

Summary

B.I. Incorporated, a private company, received a $229M task order from ICE to operate the Intensive Supervision Appearance Program (ISAP), which uses GPS monitoring and case management as an alternative to detention. Since the recipient is private, no public company is directly or indirectly tied to this award, and the contract is not linked to any specific legislation.

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Key Takeaways

  • 1.B.I. Incorporated is a private company, so no public ticker is directly tied to this $229M ICE contract.
  • 2.The contract is a routine task order for the ISAP program, which uses GPS monitoring and case management as an alternative to detention.
  • 3.No related legislation in the HillSignal database directly authorizes or funds this specific contract, and the bills listed have neutral impact.
  • 4.Retail investors should not infer any public equity benefit from this award, as the recipient is private and no supply chain or competitor relationships are established.

Market Implications

Since the recipient is private, there is no direct public equity impact. The contract is a routine renewal of an existing program, and the absence of a public parent company means no ticker is exposed. Investors should not expect any sector-wide movement from this award, as it does not signal a change in federal spending or policy. The related bills are neutral and do not create a tailwind for any public company.

Full Analysis

The Department of Homeland Security, through U.S. Immigration and Customs Enforcement (ICE), awarded B.I. Incorporated a $229M delivery order for the Intensive Supervision Appearance Program (ISAP). ISAP provides GPS monitoring and case management for non-detained immigrants, serving as a cost-effective alternative to detention. The contract runs from September 30, 2025 to September 29, 2026. B.I. Incorporated is a private entity with no public parent company, so the award does not directly flow to any publicly traded firm. The contract is a routine renewal of a well-established program, and the private nature of the recipient means no public company benefits directly. The related bills in the HillSignal database are largely unrelated to immigration enforcement or this specific contract, with most having neutral impact and low relevance. The contract is a single-year task order, and the private recipient means there is no direct public equity exposure. The sector impact is limited to the broader government services and technology-enabled monitoring space, but without a public beneficiary, the market impact is minimal. The contract does not signal a shift in federal spending patterns, and the absence of a public company means retail investors have no direct way to play this news.

Related Presidential Actions

Executive orders & memoranda affecting the same sectors or companies

Exec OrderSep 18, 2026

Enhancing Program Integrity and Integrity and Interagency Coordination in the Administration of the H-1B Nonimmigrant Visa Program

This executive order directs the Secretaries of State, Labor, and Homeland Security to coordinate with Commerce, Education, and the SBA when processing H-1B petitions, and requires them to consider whether the employer has engaged in layoffs of similarly situated U.S. workers within the past year. It also orders the Labor Department to review past labor condition applications for potential enforcement actions against sponsoring employers, effectively tightening scrutiny on H-1B usage, especially by outsourcing firms.

proclamationSep 18, 2026

Restriction on Entry of Certain Nonimmigrant Workers

This proclamation extends for an additional 12 months the existing restriction on entry of H-1B nonimmigrant workers, which requires a $100,000 payment per petition (with limited exceptions) and is supported by a DHS weighted selection process that prioritizes higher-skilled, higher-paid workers. The action continues to target IT staffing and outsourcing firms that have abused the program, and it maintains the requirement for ongoing rulemakings by DHS and DOL to further reform wage protections and program integrity.

Exec OrderSep 17, 2026

RESTORING AMERICAN SALTWATER ANGLING AND RECREATION

This executive order directs federal agencies (primarily NOAA and the Department of Commerce) to shift fisheries management toward prioritizing recreational fishing over commercial interests by modernizing data collection, replacing outdated mail-in surveys with real-time mobile reporting, and allowing state-collected data to substitute for federal data when error rates are lower. It also mandates reviewing and potentially revising National Standards under the Magnuson-Stevens Act, rescinding regulations that restrict marine access, and launching pilot programs for iconic fisheries like Atlantic striped bass, with the goal of boosting the $1.2 trillion outdoor recreation sector.

Contract Details

Recipient

B.I. INCORPORATED

Award Amount

$228,516,115

Awarding Agency

Department of Homeland Security

Sub-Agency

U.S. Immigration and Customs Enforcement

Contract Type

DELIVERY ORDER

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