National Constitutional Carry Act
Summary
S. 4013 (National Constitutional Carry Act) was introduced in the Senate on 2026-03-05 and referred to the Judiciary Committee. It seeks to preempt state firearm carry restrictions by enforcing Second and Fourteenth Amendment rights against the states. The bill is in an early legislative stage with only three cosponsors and no committee action. It authorizes no spending, creates no direct revenue stream, and has no near-term market impact.
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Key Takeaways
- 1.S. 4013 is a procedural early-stage bill with no appropriations, no contracts, and no near-term market impact.
- 2.The bill does not create or fund any procurement program, making it a non-event for public company revenues.
- 3.No publicly traded company has a material revenue stream tied to state firearm carry permit systems; even if passed, the bill would not directly affect any company's earnings.
Market Implications
No market implications. The bill is in committee referral stage with no hearings and only three cosponsors. It authorizes zero spending. There is no direct or indirect revenue impact on any publicly traded company. No tickers meet the 0.65 confidence gate.
Full Analysis
- What happened and current status: Senator Mike Lee (R-UT) introduced S. 4013, the National Constitutional Carry Act, on March 5, 2026. The bill was read twice and referred to the Senate Committee on the Judiciary. It is in an early legislative stage. No hearings, markups, or votes have occurred. The bill has only three cosponsors. Legislative momentum is low. 2) The money trail: The bill authorizes zero federal spending. It is a regulatory preemption bill — it would invalidate state and local laws restricting public firearm carry. No federal funds are appropriated or authorized. The mechanism is statutory enforcement of constitutional rights, not a procurement, grant, or tax credit program. 3) Convergence: No related signals, procurements, or presidential actions were provided. There is no converging government activity to report. 4) Structural winners and losers: The bill does not create a direct commercial market. If enacted, it could broadly affect law enforcement and security services, but public companies with explicit exposure to state concealed-carry permit processing (not a major revenue stream for any publicly traded firm) or firearm manufacturers (Smith & Wesson $SWBI, Sturm Ruger $RGR) would experience no direct revenue change from preemption. No publicly traded company has a primary business segment materially dependent on state carry-permit systems. Indirect effects on firearm manufacturer sentiment could occur, but no mechanism connects to any specific company's revenue or costs. 5) Timeline: The bill must clear the Judiciary Committee, receive floor time in a closely divided Senate, pass the House, and be signed by the President. With only three cosponsors and no companion House bill, passage in the 119th Congress is highly unlikely.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
Blair Holt Firearm Owner Licensing and Record of Sale Act of 2026
Armed Forces Carry Rights Protection Act of 2026
A bill to amend chapter 44 of title 18, United States Code, to enhance penalties for theft of a firearm from a Federal firearms licensee.
To regulate firearm silencers and firearm mufflers.
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Excluding Certain Canadian Alcoholic Beverages from Importation into the United States in Response to Continued Discrimination Against the Commerce of the United States with Respect to Alcoholic Beverages
President Trump, invoking Section 338 of the Tariff Act of 1930, orders an import ban on certain Canadian alcoholic beverages effective September 29, 2026, escalating previous 50% ad valorem duties. This action targets Canadian discrimination against U.S. alcoholic beverages, citing Canada's broken commitments and additional retaliation. The ban replaces the tariff for specified products with a complete exclusion from entry into the United States.
Excluding Certain Canadian Products from Importation into the United States in Response to Continued Discrimination Against the Commerce of the United States with Respect to Motor Vehicles
This proclamation bans imports of certain Canadian products, escalating a trade dispute over Canada's motor vehicle tariffs. It builds on prior actions under Section 338 of the Tariff Act of 1930 to impose an import exclusion, effective September 29, 2026, for goods currently subject to a 50% duty. The measure directs U.S. Customs and Border Protection to implement the ban and removes these products from the tariff regime, potentially disrupting supply chains in automotive and related sectors.
Modifying the Scope of Products of Canada Subject to the Additional Duties Imposed to Offset Canadian Discrimination Against the Commerce of the United States with Respect to Alcoholic Beverages
This proclamation modifies the list of Canadian products subject to a 50% ad valorem additional duty originally imposed under Proclamation 11046, effective September 15, 2026. It adds certain products to the duty (Annex I, Part A) and removes others (Annex I, Part B), based on recommendations from senior executive branch officials to better serve the public interest while still offsetting Canadian discrimination against U.S. alcoholic beverages. The action directs U.S. Customs and Border Protection to implement the changes and maintains that the duties are in addition to any existing section 232 duties.
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