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
Proclamation: Further Adjusting the Tariff Regimes for Imports of Aluminum, Steel, and Copper into the United States
Proclamation: Restoring American Commercial Fishing in the Pacific
Executive Order: Strengthening Customs Enforcement
Executive Order: Removing Unnecessary and Counterproductive Restrictions on Access to Federal Lands
Modern Worker Security Act
Executive Order: Restoring Integrity to America’s Financial System
Proclamation: National Homeownership Month, 2026
Proclamation: To Implement Certain Provisions in the Consolidated Appropriations Act, 2026, and for Other Purposes
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
National Homeownership Month, 2026
This proclamation formalizes National Homeownership Month and details several ongoing or proposed policy actions: Fannie Mae and Freddie Mac are directed to purchase $200 billion in mortgage-backed securities to lower borrowing costs; an executive order bans large institutional investors from buying single-family homes; and the Administration calls on Congress to pass the 21st Century ROAD to Housing Act to make these reforms permanent. The action also reaffirms efforts to restrict taxpayer-backed loans to only law-abiding citizens, targeting fraud and illegal immigration as a means to improve housing affordability.
Restoring American Commercial Fishing in the Pacific
This proclamation reverses prior national monument fishing bans in the Pacific by reopening hundreds of thousands of square miles of waters in Papahānaumokuākea Marine National Monument, Mariana Trench Marine National Monument, and Rose Atoll Marine National Monument to commercial fishing. It directs the Secretary of Commerce to amend or repeal inconsistent regulations, allows only US-flagged vessels to fish commercially (with limited permits for foreign transport vessels), and reaffirms that all fishing remains subject to existing federal conservation laws such as the Magnuson-Stevens Act, Endangered Species Act, and Marine Mammal Protection Act.
Strengthening Customs Enforcement
This executive order directs the Secretary of Homeland Security to revise customs enforcement regulations within 180 days, requiring importers of record (IORs) to maintain minimum tangible domestic assets or bonding, disclose ownership and business affiliations, and maintain good standing with CBP. It prohibits foreign IORs from filing informal entries for low-value articles and imposes additional bonding and CTPAT validation requirements for foreign IORs on formal entries, aiming to enhance compliance and revenue collection.
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