Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2026
Summary
HR5304 is a standard FY2026 appropriations bill routing $2.59B to state workforce boards and non-profit contractors under the Workforce Innovation and Opportunity Act (WIOA). No publicly traded company receives direct revenue from this funding mechanism. Near-term market impact is negligible.
See which stocks are affected
Key takeaways, market implications, full AI analysis, and connected signals are available to HillSignal members.
Already have an account? Log in
Key Takeaways
- 1.HR5304 is a standard FY2026 appropriations bill for Labor-HHS-ED — no policy innovation, no new programs.
- 2.All $2.59B in funding flows to state governments and non-profit workforce boards — zero direct revenue for any publicly traded company.
- 3.The bill has been stalled for over 7 months with no floor action; the FY2026 appropriations were likely wrapped into an omnibus (HR7148, now Public Law 119-75).
Market Implications
No market implications. HR5304 is a routine appropriations vehicle for WIOA grants — a program that has existed since 2014. The $2.59B is a declining real-dollar number (inflation-adjusted WIOA funding has been flat or down for years). No ticker moves on this news because no publicly traded company receives a dollar of this money. Retail investors should ignore this bill entirely.
Full Analysis
-
What happened: On September 11, 2025, Rep. Aderholt (R-AL) reported HR5304 from the House Appropriations Committee. The bill was placed on the House Union Calendar (Calendar No. 227) that same day. As of today (April 30, 2026), the bill has not passed the House floor, has not been considered by the Senate, and has not been signed into law. It remains active in the House, with no further legislative action recorded in the past 7+ months.
-
The money trail: HR5304 appropriates $2,594,412,000 for workforce training and employment services under WIOA. This funding is distributed as formula grants to states and outlying areas, plus competitive grants to non-profit workforce boards. Funds flow to government entities and 501(c)(3) organizations — not to for-profit public companies. There is no procurement mechanism, tax credit, or regulatory change that channels money to publicly traded firms.
-
Structural winners/losers: No public company is structurally affected. The $235.5M in dislocated worker funds with July 2026 availability and the $860M with October 2026 availability are administered by state agencies. Companies like ManpowerGroup ($MAN), Kforce ($KFRC), or Robert Half ($RHI) may see indirect second-order effects if state workforce boards subcontract to staffing firms, but WIOA grants are primarily used for direct services, not for-profit contractor pass-through. The link is too weak and too distant to score.
-
Competitive landscape: Not applicable — no public companies are directly impacted.
-
Timeline: The bill has been stalled since September 2025. The related omnibus bill (HR7148) became Public Law 119-75 (Consolidated Appropriations Act, 2026), meaning the FY2026 appropriations process may have been completed via omnibus, rendering HR5304 (a standalone Labor-HHS-ED bill) obsolete. A companion Senate bill (S2587) exists but is also stalled. The probability of standalone passage is low. No further legislative milestones are likely.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Establishment of a Committee of Inquiry to Investigate Allegations of False Statements by Lisa DeNell Cook
This memorandum establishes a committee to investigate Federal Reserve Governor Lisa Cook for alleged false statements related to mortgage instruments, with a hearing scheduled and a recommendation on removal. It directs the Attorney General, Counsel to the President, and others to participate, and sets a timeline for findings.
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.
Reinvigorating America's Hunting Heritage
This executive order directs multiple federal agencies (Interior, Agriculture, Labor, Education, Veterans Affairs, Commerce, and the Secretary of War) to expand hunting and fishing access on federal lands, including opening specific national monuments to hunting, allowing traditional lead ammunition, promoting hunting education in schools, encouraging Sunday hunting on state and federal lands, and facilitating wild game donation programs. It aims to reverse restrictions on access and cultivate a new generation of hunters through policy changes and funding guidance.
Free — no credit card
Get the next market-moving signal before the news does
HillSignal scores every Congressional bill, federal contract, and insider filing for market impact and emails you the high-conviction ones — free, no credit card.
Weekly digest — the congressional activity that actually moved markets that week, in plain English. Free, one email.
Free forever plan · No credit card · Unsubscribe in one click
Want the live terminal too? Create a free account →