EMERGENT, LLC: $19.3M Department of the Treasury Contract
Summary
The Treasury Department awarded a $19.3M delivery order to private entity Emergent, LLC for an Oracle Unlimited License Agreement. No publicly traded companies are directly linked, and the contract is a routine software renewal with limited sector impact.
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Key Takeaways
- 1.The $19.3M Oracle ULA contract is a routine renewal with no public company exposure.
- 2.Emergent, LLC is private, so no tickers are directly affected.
- 3.No relevant legislation or presidential actions directly tie to this contract.
Market Implications
This contract has no direct implications for public equity markets. Investors should not adjust positions based on this award. The broader federal IT spending trend remains stable, but this specific award is too small and opaque to drive stock movements.
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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
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.
Integrating Financial Technology Innovation into Regulatory Frameworks
This executive order directs federal financial regulators to review and streamline regulations that hinder fintech innovation, particularly for small and emerging firms, and requests the Federal Reserve to evaluate expanding access to its payment accounts and services for non-bank and digital asset firms. It aims to reduce barriers to entry and encourage partnerships between fintech firms and traditional financial institutions, with specific deadlines for reviews and reports.
Promoting Efficiency, Accountability, and Performance in Federal Contracting
This executive order mandates that federal agencies default to using fixed-price contracts for procurement, shifting away from cost-reimbursement models. It requires written justification and senior-level approval for any non-fixed-price contract over certain dollar thresholds (e.g., $10M for most agencies, $100M for the Department of War), and directs agencies to review and renegotiate their 10 largest non-fixed-price contracts within 90 days. The order also tasks OMB with implementation guidance and the Federal Acquisition Regulatory Council with proposing regulatory amendments within 120 days.
Contract Details
Recipient
EMERGENT, LLC
Award Amount
$19,341,840
Awarding Agency
Department of the Treasury
Sub-Agency
Internal Revenue Service
Contract Type
DELIVERY ORDER