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
Background Check Completion Act of 2025
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.
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