billHR10118Event Thursday, August 20, 2026Analyzed

No Data Center NDAs Act

Neutral

Summary

HR 10118, the No Data Center NDAs Act, was introduced on August 20, 2026, and referred to the House Committee on House Administration. The bill has no cosponsors and is in early procedural stages, with no specific market impact. It imposes zero financial obligations and lacks a defined regulatory mechanism.

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Key Takeaways

  • 1.No market impact from HR10118 in its current procedural stage.
  • 2.Bill has zero cosponsors and no funding authorization, indicating low priority.
  • 3.Without bill text, specific sector or company effects cannot be assessed.

Market Implications

No implications for tickers. No real market data was provided. The bill is purely procedural and does not alter the competitive landscape for data center operators, REITs ($EQIX, $DLR), or hyperscalers ($AMZN, $MSFT, $GOOGL).

⚡ Government Convergence

AI Compute / Datacenter PowerScore 100 · 5 channels · 58 events

This signal is one of the converging government actions below.

Over the last 90 days, 58 separate government actions have converged on AI Compute / Datacenter Power. What that means: federal dollars are already moving — agencies are soliciting bids and awarding contracts, not just talking, and legislation and executive action are building the policy and funding tailwind behind it. When independent channels move together like this — 26 bills, 21 procurement notices, 7 federal contracts, 3 SEC filings and 1 patents — it's the clearest early tell that Washington is committing to ai compute / datacenter power, the kind of build-up that reshapes the sector well before it's obvious in the headlines.

Converging government actions

Full Analysis

The No Data Center NDAs Act (HR10118) is an early-stage bill introduced by freshman Representative Tom Barrett (R-MI). It was referred to the House Administration Committee, which is unusual for data center legislation, typically handled by Energy and Commerce or Ways and Means. The bill's status indicates minimal momentum: no cosponsors, a single action on introduction, and no appropriations. The bill title suggests a restriction on nondisclosure agreements for data centers, but without text, the precise legal mechanism is unknown. Importantly, the bill does not authorize any spending, affecting only procedural transparency. No market impact is expected at this stage. The convergence analysis is not applicable as no related signals, procurement, or executive actions were provided. Structural winners or losers cannot be identified without bill text. Future legislative path includes committee hearings, amendments, and potential markup, but given the sponsor's junior status and lack of cosponsors, passage probability is low.

Key Legislators

Rep. Barrett, Tom [R-MI-7]

Related Presidential Actions

Executive orders & memoranda affecting the same sectors or companies

presidential_memorandumAug 20, 2026

The National Space Transportation Policy

This memorandum directs multiple agencies to expand and modernize U.S. space launch and reentry infrastructure to support over 1,000 launches annually by 2030, expedite permitting and environmental reviews, develop new federal reentry sites, and strengthen the space transportation industrial base. It mandates range scheduling transparency, spectrum reliability, and workforce development, with specific reports and plans due within 90 to 240 days.

proclamationAug 13, 2026

Adjusting Imports of Unmanned Aircraft Systems and Unmanned Aircraft Systems Components into the United States

This proclamation imposes a 100% ad valorem tariff on imports of unmanned aircraft systems (UAS) over 25 kg, those with thermal imagers, docking stations, and certain components, and a 25% tariff on UAS under 25 kg and other components, citing national security under Section 232 of the Trade Expansion Act. It also authorizes the Department of Commerce to establish an onshoring program offering preferential tariff treatment for companies that build new U.S. manufacturing facilities for UAS and components.

presidential_memorandumAug 13, 2026

Rebuilding the United States Navy and America’s Shipbuilding Industrial Base

This memorandum directs the Secretary of War to replace the Electromagnetic Aircraft Launch System with steam/hydraulic systems on aircraft carrier CVN-81, adopt a 'Finland Model' allowing foreign shipbuilders to bid on up to three ship classes if they build U.S. shipyards and transfer technology, and submit plans for a fifth public Navy yard, a component repair center, and competitive acquisitions for surface combatants and auxiliary vessels. It also restricts iterative design changes and delegates waiver authority for foreign shipbuilding contracts.

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