Directing the President, pursuant to section 5(c) of the War Powers Resolution, to remove the United States Armed Forces from hostilities against the Islamic Republic of Iran.

H. Con. Res. 75 was introduced in the House on March 4, 2026, and referred to the House Committee on Foreign Affairs. This concurrent resolution, sponsored by Rep. Gottheimer (D-NJ) and 9 cosponsors, seeks to invoke the War Powers Resolution to terminate U.S. military involvement in hostilities against Iran. The bill explicitly states that U.S. Armed Forces were introduced into hostilities against Iran on February 28, 2026, and mandates their removal within 30 days of that date, unless a declaration of war or specific authorization for military force is enacted. As a concurrent resolution, H. Con. Res. 75 does not carry the force of law, even if passed by both chambers. It expresses the sense of Congress. Therefore, it does not authorize or appropriate any funding. Its primary mechanism is to direct the President's actions under the War Powers Resolution, which could lead to a withdrawal of forces. The bill is currently in the early stages of the legislative process, having only been referred to committee. Its passage would require significant bipartisan support and could face opposition from the executive branch. Defense contractors such as Lockheed Martin ($LMT), Boeing ($BA), General Dynamics ($GD), RTX ($RTX), and Northrop Grumman ($NOC) could be indirectly affected by any significant shift in U.S. military posture in the Middle East, though this bill does not directly impact their contracts. The recent Presidential Determination on the Air Force's Jet Fighter Training Operations, which benefits defense contractors by reducing regulatory burdens, operates independently of this resolution's intent. Any de-escalation of hostilities in the region, as proposed by this resolution, could theoretically reduce demand for certain defense services or equipment in the long term, but this is speculative at this early stage. Energy companies, including ExxonMobil ($XOM), Chevron ($CVX), Phillips 66 ($PSX), Marathon Petroleum ($MPC), Kinder Morgan ($KMI), Energy Transfer ($ET), Schlumberger ($SLB), and Halliburton ($HAL), could see indirect impacts. Stability in the Middle East is a significant factor in global oil prices. A withdrawal of U.S. forces, depending on the geopolitical response, could either stabilize or destabilize the region, affecting energy supply chains and prices. The recent Presidential Determination on Domestic Petroleum Production aims to increase domestic supply, which could buffer against international energy market volatility, regardless of the outcome of this resolution. Given its early stage and the nature of a concurrent resolution, the immediate market impact is limited. The legislative path involves committee consideration, potential floor votes in both the House and Senate, and then a non-binding expression of congressional will. The existence of two related bills (HCONRES87 and HCONRES88) indicates a broader congressional interest in the issue of U.S. military involvement in Iran.