Deterring Adversarial Access to Americans’ Data Act

The 'Deterring Adversarial Access to Americans’ Data Act' (HR7509) was introduced in the House on February 11, 2026, and subsequently referred to the House Committee on Ways and Means. This bill is in its early stages of the legislative process. It aims to amend the Internal Revenue Code of 1986 to deny certain tax credits and deductions to businesses that utilize 'foreign adversary-controlled technology.' The bill defines this broadly to include information and communications technology or services designed, developed, manufactured, or provided by specified foreign entities or foreign-influenced entities, or technology dependent on such components for core functionality. There is no explicit funding amount authorized or appropriated by this bill; its mechanism is through tax policy changes. This legislation directly targets the operational costs and profitability of major technology firms with complex global supply chains and data infrastructure. Companies like Alphabet ($GOOGL), Microsoft ($MSFT), Amazon, Apple ($AAPL), NVIDIA ($NVDA), TSMC ($TSM), and Intel ($INTC) are primary potential losers. The denial of tax credits and bonus depreciation would increase their effective tax rates and the cost of capital expenditures if they continue to use technology deemed 'foreign adversary-controlled.' This could force costly supply chain reconfigurations or lead to reduced investment in areas reliant on such technology. Recent market data shows mixed performance for these technology giants. Alphabet ($GOOGL) is trading at $349.69, near its 52-week high of $353.18, with a strong 30-day change of +27.47%. Microsoft ($MSFT) is at $426.81, below its 52-week high of $555.45, with a 30-day change of +19.63%. Amazon is at $259.33, close to its 52-week high of $264.5, with a significant 30-day change of +30.09%. Apple ($AAPL) is at $270.52, below its 52-week high of $288.62, with a 30-day change of +8.73%. NVIDIA ($NVDA) is at $212.13, near its 52-week high of $216.83, with a 30-day change of +26.63%. TSMC ($TSM) is at $391.77, near its 52-week high of $414.5, with a 30-day change of +19.9%. Intel ($INTC) is at $83.84, near its 52-week high of $87.1, with a substantial 30-day change of +94.39%. The current market performance for these companies indicates strong investor confidence, which could be challenged if this bill progresses. The bill's early stage means its impact is not yet priced into these valuations. No recent Presidential Memoranda directly amplify or conflict with this bill. The Presidential Determinations pursuant to Section 303 of the Defense Production Act of 1950 focus on domestic energy and infrastructure capacity, which are distinct from the technology supply chain and data security focus of HR7509. The next legislative step for HR7509 is committee consideration, where it may undergo amendments or be voted on.