A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Air Plan Disapproval; Colorado; Regional Haze Plan for the Second Implementation Period".
Summary
S.J.Res.139, which would have nullified an EPA rule disapproving Colorado's regional haze plan, was rejected in the Senate on April 29, 2026 (46-52). The bill failed, so the EPA's disapproval remains in effect, maintaining current regulatory requirements for Colorado energy producers. The legislative path for this specific relief is closed for this session. Market impact is minimal, as the bill was early-stage and already defeated.
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.S.J.Res.139 was rejected in the Senate (46-52). The bill is dead for the 119th Congress.
- 2.No regulatory relief for Colorado energy producers — the EPA's disapproval of the state's haze plan stands.
- 3.Minimal market impact due to early-stage failure; broader midstream trends driven by other factors.
Market Implications
The failure of S.J.Res.139 removes a potential near-term catalyst for Colorado-focused midstream operators. $KMI and $EPD have small Colorado exposure relative to their overall portfolios, so the impact is marginal. The broader 7-day uptrend in $KMI (+2.87%) and $EPD (+1.53%) appears driven by the DPA energy infrastructure orders (April 20) and general sector momentum, not this bill. Investors with exposure to Colorado-focused operators should track state-level rulemaking from the Colorado Department of Public Health and Environment (CDPHE) for the next compliance pathway. The rejected bill does not change the fundamental earnings outlook for these companies.
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
Congressional disapproval (CRA) to nullify an EPA rule that had disapproved Colorado's regional haze plan. The bill would remove the requirement for Colorado energy producers and industrial manufacturers to comply with federal measures under the disapproved plan, reducing regulatory compliance costs.
Who must act
Colorado-based energy producers and oil & gas midstream operators subject to EPA's regional haze rule for the second implementation period.
What happens
The bill, if enacted, would eliminate the need for these operators to invest in additional emissions controls or alternative compliance strategies under the federal disapproved plan, reducing near-term capital and operational costs. However, the bill was rejected, so the EPA's disapproval stands, maintaining existing regulatory obligations.
Stock impact
Kinder Morgan operates a significant natural gas pipeline network in Colorado's DJ Basin. The rejection of this bill means continued regulatory uncertainty and potential state-level compliance costs for its Colorado midstream assets. No immediate revenue or cost impact from the bill, as it failed.
What the bill does
Congressional disapproval (CRA) to nullify an EPA rule that had disapproved Colorado's regional haze plan. The bill would remove the requirement for Colorado energy producers and industrial manufacturers to comply with federal measures under the disapproved plan, reducing regulatory compliance costs.
Who must act
Colorado-based energy producers and oil & gas midstream operators subject to EPA's regional haze rule for the second implementation period.
What happens
The bill, if enacted, would eliminate the need for these operators to invest in additional emissions controls or alternative compliance strategies under the federal disapproved plan, reducing near-term capital and operational costs. However, the bill was rejected, so the EPA's disapproval stands, maintaining existing regulatory obligations.
Stock impact
Enterprise Products Partners has natural gas processing and NGL assets in Colorado's DJ Basin. The rejected bill means continued regulatory uncertainty regarding emissions compliance for these assets. No immediate revenue or cost impact from the bill, as it failed.
Market Impact Score
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
PIPES Act of 2025
Commerce, Justice, Science; Energy and Water Development; and Interior and Environment Appropriations Act, 2026
A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2026 and setting forth the appropriate budgetary levels for fiscal years 2027 through 2035.
To promote the energy security of Taiwan, and for other purposes.
American Energy Independence and Affordability Act
To amend title 49, United States Code, to repeal certain employee protective arrangements, and for other purposes.
To amend the Coastal Zone Management Act of 1972 to establish a conclusive presumption that a State concurs to certain activities, and for other purposes.
Expressing support for rural communities across the United States as stewards of the environment, major suppliers of United States energy resources, critical providers of food production and manufacturing capacity, and drivers of national economic stability, and recognizing the work of the House of Representatives in the 119th Congress in support of those vital communities.
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
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.
Presidential Permit: Authorizing Bridger Pipeline Expansion LLC to Construct, Connect, Operate, and Maintain Pipeline Facilities at the International Boundary at Phillips County, Montana, Between the United States and Canada
This Presidential Memorandum grants a permit to Bridger Pipeline Expansion LLC to construct and operate a new 36-inch diameter crude oil and petroleum products pipeline crossing the U.S.-Canada border in Montana. The permit authorizes bidirectional flow and variable throughput capacity without requiring further presidential approval, while maintaining existing regulatory oversight from agencies like PHMSA and reserving the government's right to seize the facilities for national security with compensation.
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.