No Federal Funds for Cashless Bail Act
Summary
HR 5213 (No Federal Funds for Cashless Bail Act) would withhold Edward Byrne JAG grants from states/localities that limit cash bail for certain violent offenses. The bill is in early legislative stages with no direct market impact. No publicly traded companies are affected.
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Key Takeaways
- 1.HR 5213 is a criminal justice policy bill that restricts federal grants to jurisdictions with cash bail limitations.
- 2.No publicly traded companies are directly affected by this legislation.
- 3.The bill is in early legislative stages; passage is uncertain and would not create investment opportunities.
Market Implications
This bill has no direct market implications. The Edward Byrne JAG program is a grant program for government entities, not for private sector companies. Investors should not expect any changes in stock prices or sector performance based on this legislation. The bill is procedural and non-commercial.
Full Analysis
HR 5213, introduced by Rep. Stefanik (R-NY) in September 2025, amends the Omnibus Crime Control and Safe Streets Act to prohibit the Attorney General from awarding Edward Byrne Memorial Justice Assistance Grant (JAG) funds to any state or local government that has a policy substantially limiting cash bail for individuals charged with violent or sexual offenses or offenses that promote public disorder (e.g., looting, vandalism). The bill was reported (amended) by the House Judiciary Committee on May 4, 2026, and placed on the Union Calendar. A companion bill, S2705, has been introduced in the Senate. The bill is still active but has not passed either chamber. The Edward Byrne JAG program is a formula grant program that provides funds to state and local governments for law enforcement, courts, corrections, and other criminal justice activities. The bill does not authorize any new spending; it imposes a condition on existing grant eligibility. There is no direct impact on publicly traded companies because the grant recipients are government entities, not private corporations. The bill does not create tax incentives, procurement opportunities, or regulatory changes that would affect corporate revenues or costs. Therefore, the market implications are negligible.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
A bill to amend the Omnibus Crime Control and Safe Streets Act of 1968 to authorize the use of funds under the Edward Byrne Memorial Justice Assistance Grant Program to establish elder justice task forces, and for other purposes.
STOP Scams Against Seniors Act
Stop Gang Violence Act
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