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H.Con.Res.102 is an early-stage concurrent resolution directing the President to remove US forces from hostilities with Iran, with explicit exceptions for self-defense and intelligence sharing. It authorizes no funding and has no direct market impact on defense contractors at this procedural stage. The bill's passage probability is low given Republican control of the House and its referral to committee.
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No market implications. This bill is a procedural concurrent resolution with no funding, no regulatory change, and no contract implications. Defense sector investors should focus on the FY2026 NDAA and appropriations process, not this messaging vehicle. The bill's introduction does not change the competitive landscape for any publicly traded company.
On May 15, 2026, Representative Emily Randall (D-WA) introduced H.Con.Res.102, a concurrent resolution directing the President to remove US Armed Forces from hostilities with Iran under the War Powers Resolution. The bill was referred to the House Committee on Foreign Affairs. As a concurrent resolution, it does not require the President's signature and is not a law—it expresses the sense of Congress. The bill is in early stage with only two actions: introduction and referral to committee.
The bill authorizes zero funding. It is a policy directive, not an appropriations measure. The text explicitly states it does not authorize the use of military force (Section 3) and preserves the President's ability to defend US forces, diplomatic facilities, and allies from imminent attack (Section 1(b)). Intelligence sharing and counterintelligence activities are also explicitly excluded from the resolution's scope (Section 2).
Structural winners and losers: This bill has no direct financial impact on any defense contractor. The largest defense primes—Lockheed Martin (, FY2025 revenue $67.6B), Northrop Grumman (, $39.3B), General Dynamics (, $42.3B), RTX (, $68.9B), Boeing (, $77.8B), Huntington Ingalls (, $11.5B), L3Harris (, $19.4B), Leidos (, $15.3B), and Booz Allen (, $9.3B)—all have diversified portfolios where Iran-related operations represent a negligible fraction of revenue. The bill's defensive exceptions mean existing deployment and sustainment contracts are unaffected. The only scenario where this bill would matter is if it passed and prevented a future large-scale conflict that would have triggered emergency supplemental appropriations—a highly speculative and low-probability chain.
No real market data is provided for stock prices. The defense sector's recent performance is not available. However, the sector's fundamentals are driven by the FY2026 NDAA authorization and appropriations process, not by this early-stage concurrent resolution.
Timeline: The bill is at the earliest legislative stage—referred to committee. With Republicans controlling the House (119th Congress), a Democratic-sponsored resolution directing troop removal from Iran faces extremely long odds. The committee chair is unlikely to schedule a markup. Even if it passed the House, the Senate would need to pass an identical resolution, and the President would not sign it (though a concurrent resolution does not require a signature). The bill is effectively a messaging vehicle with no near-term path to enactment.
Matched on shared policy language across AI analyses, with ticker & timing weight
Directing the President pursuant to section 5(c) of the War Powers Resolution to remove United States Armed Forces from Lebanon.
Directing the President, pursuant to section 5(c) of the War Powers Resolution, to remove United States Armed Forces from hostilities with Iran.
Directing the President, pursuant to section 5(c) of the War Powers Resolution, to remove United States Armed Forces from hostilities with Iran.
Directing the President, pursuant to section 5(c) of the War Powers Resolution, to remove United States Armed Forces from hostilities with Iran.
Executive orders & memoranda affecting the same sectors or companies
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