PAID OFF Act of 2025
Summary
The PAID OFF Act of 2025 (S.3050) was reported favorably out of the Senate Foreign Relations Committee on June 17, 2026, and awaits floor action. The bill amends the Foreign Agents Registration Act to limit certain exemptions for agents of foreign principals owned or controlled by identified countries of concern. No direct market impact is expected as the bill is procedural and does not authorize or appropriate funding.
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Key Takeaways
- 1.No direct market impact from this procedural bill
- 2.Bill amends FARA exemptions for foreign agents of state-owned entities
- 3.Awaiting Senate floor action; no companion House bill yet
Market Implications
No market implications as the bill is a regulatory amendment without spending authorizations. Investors should watch for any broader foreign influence legislation that may affect lobbying or disclosure compliance costs for companies with foreign government ties.
Full Analysis
The PAID OFF Act of 2025, introduced by Sen. Cornyn (R-TX) with 8 cosponsors, was ordered to be reported favorably without amendment by the Senate Committee on Foreign Relations on June 17, 2026. The bill amends the Foreign Agents Registration Act (FARA) to remove exemptions under subsections (d)(1), (d)(2), and (h) for agents of foreign principals that are corporate or government entities owned or controlled by countries listed as 'countries of concern' under the State Department Basic Authorities Act. It also provides a mechanism for the Secretary of State to modify the list of countries of concern via a joint resolution of approval. The bill does not authorize any spending or create a direct funding mechanism; it is a regulatory change affecting disclosure and registration requirements for foreign agents. As a procedural bill at the committee stage, it has no immediate market impact. The bill is not yet law and requires floor action in the Senate and passage in the House. No related companion bill has been reported in the House. The bill's narrow scope on foreign agent registration does not directly affect any publicly traded company's revenue streams or operations.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
FERMI FORWARD DISCOVERY GROUP, LLC: $2.5B Department of Energy Contract
FERMI FORWARD DISCOVERY GROUP, LLC: $2.4B Department of Energy Contract
DELL FEDERAL SYSTEMS L.P: $1.0B Department of Veterans Affairs Contract
FERMI FORWARD DISCOVERY GROUP, LLC: $2.4B Department of Energy Contract
OPTUM PUBLIC SECTOR SOLUTIONS, INC.: $628M Department of Veterans Affairs Contract
OPTUM PUBLIC SECTOR SOLUTIONS, INC.: $671M Department of Veterans Affairs Contract
OPTUM PUBLIC SECTOR SOLUTIONS, INC.: $674M Department of Veterans Affairs Contract
OPTUM PUBLIC SECTOR SOLUTIONS, INC.: $706M Department of Veterans Affairs Contract
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Presidential Determination Pursuant to Section 101 of the Defense Production Act of 1950, as Amended, on Recoverable Critical Minerals and Materials
This memorandum invokes the Defense Production Act (DPA) Section 101 to declare that recoverable critical minerals and materials (such as black mass, end-of-life rare-earth magnets, and scrap) are essential to national defense and that the U.S. cannot meet defense needs without disrupting civilian markets. It directs the Secretary of Commerce to issue regulations and take actions—including priority contracts and supply-chain interventions—to rapidly expand domestic recovery and processing of these materials, while explicitly excluding copper scrap already covered by a separate proclamation.
Securing America’s Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials
This executive order restricts waivers for foreign-sourced critical materials in defense contracts, effective January 1, 2027, and mandates that defense contractors map their supply chains from raw materials to end products, vet subcontractors for risks, and prohibit covered materials from unreliable foreign suppliers. It directs the Secretary of War to enforce strict compliance, including requiring mitigation plans for any non-compliant materials and establishing penalties for fraud or willful noncompliance.
Advancing Regenerative Agriculture and Strengthening American Farm Resilience
This executive order directs the EPA, USDA, and HHS to prioritize registration of alternative pesticides, expedite cumulative exposure research, and maximize funding for a regenerative agriculture pilot program, while creating public-private partnerships to expand adoption of conservation farming practices. The order specifically instructs the EPA Administrator to speed up registration actions for substances that can replace older active ingredients, and requires HHS to issue a grand prize challenge for cumulative chemical exposure evaluation technologies.
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