No Payoffs for Pardons Act
Summary
HR10032, the No Payoffs for Pardons Act, is an early-stage bill referred to committee with zero cosponsors. It aims to reform executive clemency by restricting pardons for self-interested or corrupt purposes. The bill has no direct market or sector impact at this procedural stage.
See which stocks are affected
Key takeaways, market implications, full AI analysis, and connected signals are available to HillSignal members.
Already have an account? Log in
Key Takeaways
- 1.HR10032 is in very early legislative stage with zero cosponsors — low probability of passage.
- 2.No funding authorization or appropriation — zero direct financial market impact.
- 3.No public company is obligated by or benefits from this bill's provisions.
Market Implications
The bill's early procedural status and lack of any economic mechanism mean no material market implications. No public companies are affected. Investors should monitor for committee markup, which would signal progression but still no direct market impact.
Full Analysis
On August 3, 2026, Rep. Morelle (D-NY) introduced HR10032 in the House. The bill was referred to the House Judiciary Committee and has a companion bill, S5212, in the Senate. Currently no cosponsors and no further action. The bill's findings allege misuse of pardon power but no specific economic mechanism or funding is proposed. It amends title 18, United States Code, but does not authorize spending, create new programs, or affect any regulated industry directly. The legislative path is long: committee consideration, markup, floor votes in both chambers, and presidential action or veto. Given zero cosponsors and early stage, passage probability is low. No convergence with other signals or procurement. No tickers meet the causal chain confidence gate because the bill does not impose any mandate, incentive, or penalty on any public company's business operations. Even financial institutions, which could theoretically face indirect compliance costs, are not obligated parties under this bill's provisions. The impact on markets is negligible.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
Presidential Memorandum: Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Development, Manufacturing, and Deployment of Large-Scale Energy and Energy‑Related Infrastructure
Digital Asset Market Clarity Act of 2025
Executive Order: Integrating Financial Technology Innovation into Regulatory Frameworks
Community Bank Regulatory Tailoring Act
Executive Order: Securing the Nation Against Advanced Cryptographic Attacks
NELNET SERVICING LLC: $155M Department of Education Contract
CITIBANK, NATIONAL ASSOCIATION: $343M Department of State Contract
MAXIMUS FEDERAL SERVICES, INC.: $337M Department of Education Contract
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Securing the Nation Against Advanced Cryptographic Attacks
This executive order mandates a nationwide transition of federal information systems and critical infrastructure to post-quantum cryptography (PQC) by specific deadlines (2030 for key establishment, 2031 for digital signatures), directs NIST to lead technical guidance and a pilot project, requires agencies to appoint PQC migration leads, and orders the Federal Acquisition Regulatory Council to propose rules requiring contractors to comply with NIST PQC standards by 2030.
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.
Implementing Schedule Policy/Career in the Excepted Service
This executive order expands the Schedule Policy/Career excepted service category, transferring certain federal positions from competitive service to at-will employment to facilitate removal for poor performance or misconduct. It directs agency heads to petition for reclassification of policy-influencing roles, mandates performance bonus pools for these employees, and amends civil service rules to exempt them from standard adverse action procedures.
Free — no credit card
Get the next market-moving signal before the news does
HillSignal scores every Congressional bill, federal contract, and insider filing for market impact and emails you the high-conviction ones — free, no credit card.
Weekly digest — the congressional activity that actually moved markets that week, in plain English. Free, one email.
Free forever plan · No credit card · Unsubscribe in one click
Want the live terminal too? Create a free account →