billHR9314Event Monday, June 15, 2026Analyzed

DHS Surveillance Technology Moratorium Act of 2026

Neutral

Summary

H.R. 9314, the DHS Surveillance Technology Moratorium Act, was introduced on June 15, 2026, and referred to two committees. It imposes a moratorium on DHS contracts for surveillance and data analytics technologies until public audits and reporting are completed. The bill is in early stage with no funding authorized; it primarily affects DHS procurement of AI, facial recognition, and data analytics tools. Palantir is the most directly impacted due to its Gotham platform's use in DHS data integration.

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Key Takeaways

  • 1.H.R. 9314 is in early stage with no funding authorized; it imposes a moratorium on DHS surveillance contracts pending audits.
  • 2.Palantir ($PLTR) is most directly impacted due to its Gotham platform's use in DHS data integration.
  • 3.CrowdStrike ($CRWD) and Palo Alto Networks ($PANW) have limited exposure as their primary DHS business is not covered surveillance technologies.
  • 4.The bill's broad definition of 'covered surveillance technology' could affect multiple vendors, but the moratorium is procedural and not a spending cut.
  • 5.No companion bill in the Senate; passage probability is low in the current session.

Market Implications

The bill is in early stage and unlikely to pass in its current form. Palantir ($PLTR) is the most directly affected due to its DHS data integration contracts. CrowdStrike ($CRWD) and Palo Alto Networks have limited exposure. No real market data is available for price movements.

Full Analysis

  1. What happened and its current status: On June 15, 2026, Rep. Daniel Goldman (D-NY) introduced H.R. 9314, the DHS Surveillance Technology Moratorium Act of 2026. The bill was referred to the Judiciary and Homeland Security committees. It is in early stage with no committee action or markup yet. 2) The money trail: The bill does not authorize or appropriate any funding. It imposes a moratorium on DHS spending on covered contracts until public audits and reporting are completed. No new money is allocated. 3) Structural winners and losers: The bill targets DHS contracts for surveillance technologies including facial recognition, social media monitoring, cellphone location tracking, and integrated data aggregation platforms. Palantir ($PLTR) is most exposed because its Gotham platform is a core DHS data integration tool. CrowdStrike ($CRWD) and Palo Alto Networks have less exposure as their primary DHS business is endpoint security, not surveillance. 4) Timeline: The bill must pass both committees, then the full House and Senate, and be signed by the President. Given early stage and no companion bill, passage is uncertain. 5) Key takeaway: This is a procedural early-stage bill with no immediate market impact. Palantir faces the most direct risk to DHS contract pipeline, but the impact is modest relative to its total revenue.

Intelligence Surface

Cross-referenced against federal contracts, SEC insider filings & congressional trade disclosures

Unconfirmed

No confirming evidence found yet from contracts, insider trades, or congressional activity

$$CRWD● Neutral
Est. $50.0M revenue impact

What the bill does

Moratorium on new, renewed, or expanded DHS contracts for surveillance and data analytics technologies

Who must act

Department of Homeland Security (DHS)

What happens

DHS cannot obligate or expend funds on covered contracts until public audits and reporting requirements under section 4 are fulfilled

Stock impact

CrowdStrike provides endpoint security and threat intelligence; its DHS-related contracts for surveillance or data analytics (e.g., facial recognition, social media monitoring) would be subject to the moratorium. However, CrowdStrike's primary DHS business is endpoint protection, not the covered surveillance technologies defined in the bill. Revenue impact is limited to any specific DHS contracts that fall under the broad definition of 'covered surveillance technology'.

$$PLTR▼ Bearish
Est. $100.0M revenue impact

What the bill does

Moratorium on new, renewed, or expanded DHS contracts for surveillance and data analytics technologies

Who must act

Department of Homeland Security (DHS)

What happens

DHS cannot obligate or expend funds on covered contracts until public audits and reporting requirements under section 4 are fulfilled

Stock impact

Palantir's Gotham platform is used by DHS for data integration and analytics; it is explicitly named in the bill's definition of 'covered surveillance technology' (integrated data aggregation platforms). This directly impacts Palantir's DHS contract pipeline. The moratorium could delay or halt new DHS contracts for Palantir's platform until audits are completed.

Key Legislators

Rep. Goldman, Daniel S. [D-NY-10]

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