Directing the President, pursuant to section 5(c) of the War Powers Resolution, to remove United States Armed Forces from hostilities with Iran.
Summary
HCONRES91 is a concurrent resolution directing the President to remove U.S. forces from hostilities with Iran. It was introduced on April 27, 2026, referred to the House Foreign Affairs Committee, and remains in early stage. The bill authorizes no funding and has no binding legal effect on defense procurement or operations, making its market impact 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.HCONRES91 is a procedural concurrent resolution with no binding effect, no funding, and no impact on defense budgets.
- 2.The bill is in early stage with no committee action since referral on April 27, 2026; it is unlikely to advance.
- 3.Defense contractors ($LMT, $NOC, $GD, $RTX) face zero near-term revenue exposure from this legislation.
Market Implications
This bill has no market implications. It is a procedural signal with no binding legal or financial effect. Defense stocks will continue to trade on fundamentals, earnings reports, and actual DoD contracting decisions, not on this messaging bill. The 13 related bills on the same topic create noise but no signal for sector positioning. No trading action is warranted based on HCONRES91.
Full Analysis
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
The bill directs the President to remove U.S. Armed Forces from hostilities with Iran, citing Section 5(c) of the War Powers Resolution. It does not authorize any new spending or procurement; it is a procedural concurrent resolution expressing congressional intent to end a military engagement.
Who must act
The President of the United States, who is directed but not legally compelled by this concurrent resolution (concurrent resolutions do not have the force of law and are not presented to the President for signature) to withdraw forces from hostilities with Iran.
What happens
The resolution, even if passed, would not change any procurement contracts or budget allocations for defense systems. It would signal a potential de-escalation of conflict, which could reduce perceived urgency for certain munitions replenishment or forward-deployed systems, but no actual funding or contractual obligation is changed by this bill.
Stock impact
Lockheed Martin's revenue from missile defense, F-35, and related systems tied to Iran contingency planning is hypothetical and not reflected in FY2025 actuals. Any de-escalation signal does not alter existing firm orders or the $67.6B in reported annual revenue.
What the bill does
Same as LMT: the bill is a procedural concurrent resolution directing the President to remove forces from hostilities with Iran. It does not change procurement, R&D, or operations budgets for any Northrop Grumman programs such as B-21, Sentinel ICBM, or advanced missile warning systems.
Who must act
The President. The resolution has no binding effect on defense procurement or appropriations.
What happens
No change to any contract vehicle or budget line item. Northrop's $39.3B in FY2025 revenue is not exposed to this procedural action.
Stock impact
No impact on Northrop's actual revenue streams. B-21, GBSD, and space programs continue under existing contracts regardless of this resolution.
Connected Signals
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 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.
Directing the President, pursuant to section 5(c) of the War Powers Resolution, to remove United States Armed Forces from hostilities with Iran.
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Approving Critical Position Pay Authority for National Security Investment Workforce
This memorandum authorizes the Office of Personnel Management to allocate up to 400 critical positions with pay up to $400,000 to recruit specialized talent for national security investment programs, focusing on critical minerals, advanced materials, and strategic supply chains. It directs OPM and OMB to oversee allocation and ensure pay is used only to recruit or retain exceptionally qualified individuals. The action aims to accelerate domestic mineral production and reduce foreign dependence.
Peace Officers Memorial Day and Police Week, 2026
This proclamation designates May 15, 2026, as Peace Officers Memorial Day and May 10-16, 2026, as Police Week, calling for ceremonies and flag-lowering. It highlights prior executive actions including the Working Families Tax Cuts Act (no tax on overtime for police) and an Executive Order ending cashless bail in the federal system, which may influence state-level policies and law enforcement spending.
Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Security and Foreign Policy
This Executive Order expands the existing national emergency against the Government of Cuba by imposing broad secondary sanctions and asset freezes on foreign persons operating in key sectors of the Cuban economy (energy, defense, metals/mining, financial services, security). It authorizes the Treasury and State Departments to block property and deny entry to individuals and entities involved in repression, corruption, or support for the Cuban government, and empowers Treasury to sanction foreign financial institutions that facilitate transactions for designated persons. The order effectively tightens the U.S. embargo by targeting third-country companies and banks that do business with Cuba.