Directing the President, pursuant to section 5(c) of the War Powers Resolution, to remove United States Armed Forces from hostilities with Iran.
Summary
H. Con. Res. 40 is a procedural concurrent resolution that failed passage in the House (213-214) on April 16, 2026, with no further legislative pathway evident. It does not authorize or appropriate any funding, and its failure removes any immediate market expectation of mandated troop withdrawal from Iran. Defense contractors face no direct revenue impact from this resolution.
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Key Takeaways
- 1.H. Con. Res. 40 failed in the House (213-214) and is legislatively dead after motion to reconsider was tabled.
- 2.The resolution authorizes zero funding; it is purely a directive under the War Powers Resolution with no revenue impact.
- 3.No defense contractor tickers exhibit a causal chain from this failed resolution; market impact is null.
Market Implications
The failure of H. Con. Res. 40 reinforces the existing legislative inertia on Iran war powers matters. Defense contractors such as $LMT, $NOC, $GD, and $RTX have no direct exposure to this specific resolution. Their revenue streams from Middle East operations — including missile defense systems, aircraft sustainment, and munitions sales — continue under existing executive authority and prior appropriations. No sector rotation or valuation change is warranted from this procedural non-event.
Full Analysis
This concurrent resolution, introduced in June 2025, aimed to direct the President under the War Powers Resolution to remove U.S. Armed Forces from hostilities with Iran unless explicitly authorized by Congress. The bill failed passage in the House on April 16, 2026, by a narrow margin of 213-214, with one present. A motion to reconsider was laid on the table without objection, effectively ending further consideration of this specific bill. No identical companion has passed the Senate. Three identical bills (HCONRES86, HCONRES93, HCONRES103) remain in committee or have seen postponed proceedings, indicating no active legislative momentum. Because concurrent resolutions do not have the force of law and this one failed, there is zero funding authorization or appropriation associated with it. The bill is purely procedural and carries no market-moving impact for defense contractors. Without passage or any funding mechanism, no causal chain links this failed resolution to any company's revenue. The Defense sector broadly benefits from sustained geopolitical tensions that sustain demand; however, that dynamic is pre-existing and not driven by this failed legislative action. No tickers meet the confidence threshold because there is no direct or inferred financial consequence from the resolution's failure.
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.
To direct the removal of United States Armed Forces from Venezuela that have not been authorized by Congress.
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
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.
Adjusting Certain Delegations Under the Defense Production Act
This proclamation amends Executive Order 13603 to share authority under the Defense Production Act for energy matters between the Secretary of the Interior and the Secretary of Energy, allowing each to act independently, and directs inter-agency dispute resolution via the National Energy Dominance Council and National Security Council, with coordination from the Department of War when national defense is implicated.
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