National Threat Evaluation and Reporting Program Reassignment and Funding Reform Act of 2026

1) **What happened:** On 2026-05-14, the House Subcommittee on Counterterrorism and Intelligence forwarded HR7764 (National Threat Evaluation and Reporting Program Reassignment and Funding Reform Act of 2026) to the full Committee on Homeland Security by voice vote. The bill was introduced on 2026-03-03 by Rep. Evans (R-CO) with two cosponsors. It is an active bill in the 119th Congress, but remains in early committee consideration — it has not passed the House, let alone the Senate. 2) **The money trail:** The bill does NOT authorize or appropriate any specific dollar amount for the NTER program. Section 3 transfers existing personnel, assets, equipment, records, and unexpended balances from I&A to OSLLE, but explicitly limits the transfer so it 'shall not result in the reduction of capabilities or service.' The only funding change is the source — the bill directs that NTER program funding shall no longer come from National Intelligence Program (NIP) appropriations, but will instead be funded through DHS's Office for State and Local Law Enforcement appropriations. This is a reallocation of EXISTING funds within DHS, not new money. No new contracts, grants, or procurement programs are created. 3) **Structural winners and losers:** This is a program management transfer between two federal offices. The NTER program is a threat assessment training program for state/local law enforcement — it is not a technology procurement program, not a defense contracting vehicle, and not a data analytics platform that any public company provides. The bill text does not name any contractor or technology vendor. There are zero tickers that can be causally linked to this purely administrative action. 4) **Competitive landscape:** The government services contractors that provide threat assessment/behavioral threat management training (such as CACI, Booz Allen, Leidos, SAIC) may have some hypothetical indirect exposure if NTER program operations are stable, but the bill creates no new requirements, no RFP, and no budget increment. There is no visible contracting opportunity. The bill's action history shows only procedural referrals and subcommittee markup — no floor votes, no Senate counterpart, no presidential action. 5) **Timeline:** The bill must still pass the full House Homeland Security Committee, then the House floor, then the Senate (referred to no Senate committee yet), then be signed by the President. Given that it is a minor organizational bill with no fiscal impact and only 2 cosponsors, the probability of passage in the current session is low but not zero. Even if passed, the 180-day implementation window means no operational change before Q4 2026 at the earliest.