Deterring Adversarial Access to Americans’ Data Act

On February 11, 2026, Representative Moran introduced the 'Deterring Adversarial Access to Americans’ Data Act' (HR7509). The bill modifies the Internal Revenue Code to classify entities using 'foreign adversary-controlled technology' as foreign-influenced, thereby denying them bonus depreciation under Section 168(k) and certain tax credits. The bill is in early stage — referred to the House Committee on Ways and Means with no hearings yet. It does not authorize or appropriate any spending; it is a pure tax penalty mechanism. For major US technology firms like Alphabet, Microsoft, and Amazon, the practical impact depends on how broadly 'foreign adversary-controlled technology' is defined and enforced. Given the infancy of the legislation, no material near-term market action is expected. Real market data shows all three stocks have been on strong upward trends over the past 30 days (GOOGL +27.95%, MSFT +18.25%), driven by broader market factors unrelated to this bill. Structural winners from this bill would be US-based data center equipment and cloud providers (e.g., $NVDA, ) if they are not using adversary tech, but again, only if the bill advances significantly.