A joint resolution to direct the removal of United States Armed Forces from hostilities within or against the Islamic Republic of Iran that have not been authorized by Congress.

S.J.RES.115 was introduced in the Senate on March 5, 2026, and subsequently referred to the Committee on Foreign Relations. The bill aims to direct the President to remove U.S. Armed Forces from hostilities within or against Iran, unless explicitly authorized by a declaration of war or specific authorization for use of military force. This resolution is currently in the early stages of the legislative process. The bill itself does not authorize or appropriate any funding. Instead, it seeks to establish a policy directive regarding military engagement. The core mechanism is a legislative mandate for the President to withdraw forces, which would directly affect the scope and scale of U.S. military operations in the region. There is no direct money trail associated with this specific bill, as it focuses on policy rather than financial allocation. Structural winners and losers are primarily within the Defense sector. A reduction in military hostilities could lead to decreased demand for certain defense services and equipment, potentially affecting companies like Lockheed Martin ($LMT), Boeing ($BA), General Dynamics ($GD), RTX ($RTX), and Northrop Grumman ($NOC). However, the bill explicitly states it does not prevent the U.S. from defending against attacks, suggesting a baseline level of defense spending would remain. The recent Presidential Memorandum on domestic petroleum production, refining, and logistics capacity, issued on April 20, 2026, aims to stimulate investment in the Energy sector, including companies such as Exxon Mobil ($XOM), Chevron ($CVX), Phillips 66 ($PSX), Marathon Petroleum ($MPC), Kinder Morgan ($KMI), Energy Transfer ($ET), Schlumberger ($SLB), and Halliburton ($HAL). This executive action could provide a counter-balance to potential energy market instability that might arise from geopolitical tensions in the Middle East, by increasing domestic supply and stabilizing prices. This bill is in the early stages, having only been referred to committee. Its legislative path includes committee consideration, potential floor votes in both the Senate and House, and ultimately, presidential assent. The existence of multiple related bills (S.J.RES.104, S.J.RES.114, S.J.RES.116, S.J.RES.163, S.J.RES.180) with similar objectives, some of which have already seen motions to discharge rejected, indicates a persistent legislative effort but also significant opposition to such measures. The repeated rejections of discharge motions suggest a challenging path forward for this type of legislation.