Deterring Adversarial Access to Americans’ Data Act

The 'Deterring Adversarial Access to Americans’ Data Act' (HR7509) was introduced on February 11, 2026, by Rep. Moran (R-TX-1) and subsequently referred to the House Committee on Ways and Means. This bill seeks to amend the Internal Revenue Code of 1986 to deny certain tax credits and deductions, specifically bonus depreciation, to businesses that use foreign adversary-controlled technology. The bill defines 'foreign adversary-controlled technology' broadly, encompassing information and communications technology or services designed, developed, manufactured, or provided by specified foreign entities or those dependent on such technology for core functionality. As an early-stage bill, it has only seen initial referral to committee. This bill does not authorize or appropriate direct funding. Instead, its mechanism is punitive, aiming to increase the cost of doing business for companies that rely on technology from designated foreign adversaries. By denying tax credits and bonus depreciation, the bill directly impacts the financial incentives for technology firms to maintain global supply chains that include components or services from these regions. The financial impact would be realized through higher effective tax rates and reduced capital expenditure benefits for affected companies. Structural losers under this proposed legislation would be major technology firms with extensive global supply chains and data infrastructure that currently utilize or are dependent on foreign adversary-controlled technology. Companies like Alphabet ($GOOGL), Microsoft ($MSFT), Amazon ($AMZN), Apple ($AAPL), NVIDIA ($NVDA), and Taiwan Semiconductor Manufacturing Company ($TSM) could face increased operational costs if they need to reconfigure their supply chains or data infrastructure to avoid the tax penalties. Intel ($INTC), as a domestic chip manufacturer, could potentially benefit from increased demand for domestically sourced components, though the bill's primary impact is on those utilizing foreign technology. The bill's early stage means the full scope of 'foreign adversary-controlled technology' and its enforcement mechanisms are still subject to committee review and potential amendments. In recent market activity, Alphabet ($GOOGL) is trading at $299.99, showing a 7-day change of +9.69% but a 30-day change of -0.3%. Microsoft ($MSFT) is at $372.88, with a 7-day change of +3.88% and a 30-day change of -9.2%. Amazon ($AMZN) is at $212.79, with a 7-day change of +5.89% and a 30-day change of -2.81%. Apple ($AAPL) is at $258.86, with a 7-day change of +4.96% and a 30-day change of -0.55%. NVIDIA ($NVDA) is at $177.64, with a 7-day change of +7.55% and a 30-day change of -3.11%. Intel ($INTC) is at $50.78, showing a 7-day change of +23.28% and a 30-day change of +10.51%. Taiwan Semiconductor Manufacturing Company ($TSM) is at $341.76, with a 7-day change of +7.98% and a 30-day change of -3.42%. These recent price movements reflect broader market dynamics and do not yet show a direct impact from this specific bill, given its early legislative stage. The next legislative step for HR7509 is consideration within the House Committee on Ways and Means, where it may undergo hearings, markups, and potential amendments before it can be reported to the full House for a vote.