DHS Surveillance Technology Moratorium Act of 2026
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 ($CRWD) and Palo Alto Networks have limited exposure. No real market data is available for price movements.
Full Analysis
- What happened and its current status: On June 15, 2026, Rep. Daniel Goldman (D-NY) introduced H.R. 9314, the DHS Surveillance Technology Moratorium Act of 2026. The bill was referred to the Judiciary and Homeland Security committees. It is in early stage with no committee action or markup yet. 2) The money trail: The bill does not authorize or appropriate any funding. It imposes a moratorium on DHS spending on covered contracts until public audits and reporting are completed. No new money is allocated. 3) Structural winners and losers: The bill targets DHS contracts for surveillance technologies including facial recognition, social media monitoring, cellphone location tracking, and integrated data aggregation platforms. Palantir ($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
No confirming evidence found yet from contracts, insider trades, or congressional activity
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'.
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
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
Pay Our Homeland Defenders Act
Department of Homeland Security Appropriations Act, 2026
To provide funding for administrative expenses of the Department of Homeland Security during any lapse in appropriations during fiscal year 2026, to require that the Department be responsive to congressional offices during such a lapse in appropriations, and for other purposes.
PRICE Act of 2021
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Restoring Reciprocity in Government Procurement
This Presidential Memorandum directs the Office of Management and Budget, the U.S. Trade Representative, and other federal agencies to identify and remove Canadian-origin items from federal civil procurement where possible, citing Canada's 'Buy Canadian' policies as discriminatory. It also requires agencies to be notified of domestic alternatives and mandates ongoing monitoring of Canada's procurement practices, with provisions for restoring access if Canada changes its policies.
Accelerating Access To Veterans' Benefits And Employment Opportunities
This proclamation orders the Secretaries of War and Veterans Affairs to mandate rapid, ongoing digital sharing of military personnel and medical records, deploy AI-powered tools for benefits applications, and update existing IT contracts for interoperability. It also requires the Transition Assistance Program to connect separating service members to specific jobs or training programs before discharge.
Declaring a National Emergency to Secure the United States Bulk-Power System
This executive order declares a national emergency to restrict foreign-produced bulk-power system electric equipment that poses national security risks, prohibiting new transactions involving equipment from covered foreign entities and allowing the Secretary of Energy to impose conditions on existing equipment. It directs the Secretary of Energy, in coordination with multiple agencies, to identify, mitigate, and potentially replace risky equipment, and establishes a pre-qualification list for approved vendors.
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