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The Senate Homeland Security Committee favorably reported S.388, the Promoting Resilient Buildings Act, on August 6, 2026. The bill, if enacted, would establish a pilot program for residential resilience retrofits and clarify building code standards for FEMA mitigation funds. While no funding is specified, the bipartisan bill signals congressional support for disaster-resistant building materials, benefiting manufacturers like Owens Corning (OC), TopBuild (BLD), and James Hardie (JHX).
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The bill is a positive signal for building materials and residential construction companies, but with no funding attached, the near-term earnings impact is minimal. Investors should monitor the appropriations process for the pilot program, which could provide a catalyst for OC, BLD, and JHX. The broader trend of federal investment in disaster resilience supports long-term demand for these products.
The Promoting Resilient Buildings Act (S.388) was reported out of the Senate Homeland Security and Governmental Affairs Committee on August 6, 2026, with a bipartisan substitute amendment. The bill amends the Stafford Act to define 'latest published editions' as the two most recent editions of relevant building codes, prohibits the use of certain loan funds for building code activities, and establishes a pilot program to fund residential resilience retrofits. The bill is now awaiting floor action in the Senate. Since it is an authorization bill, it does not allocate actual funds; any funding for the pilot program would require a subsequent appropriations act. The bill's sponsors, Sen. Cornyn (R-TX) and Sen. Fetterman (D-PA), represent bipartisan support, but the legislative path remains: floor debate, possible amendment, and passage before it can be considered for appropriations.
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TRANSPORTATION NORTH CAROLINA DEPARTMENT: $1.3B Department of Transportation Grant
NATIONAL CENTER FOR MANUFACTURING SCIENCES INC: $1.2B Department of Defense Grant
NATIONAL CENTER FOR MANUFACTURING SCIENCES INC: $1.0B Department of Defense Grant
DEPARTMENT OF COMMERCE MINNESOTA: $2.1B Department of Energy Grant
Fluor Marine Propulsion LLC: $2.4B Department of Defense Contract
FISHER SAND & GRAVEL CO: $1.2B Department of Homeland Security Contract
HANFORD TANK WASTE OPERATIONS & CLOSURE, LLC: $1.5B Department of Energy Contract
HANFORD TANK WASTE OPERATIONS & CLOSURE, LLC: $1.6B Department of Energy Contract
Executive orders & memoranda affecting the same sectors or companies
This proclamation reaffirms U.S. leadership in space exploration, declaring outer space open to development and permanent settlement by American citizens. It sets goals for a return to the Moon by 2028 and a future Mars mission, while emphasizing support for the commercial space industry. The action does not invoke specific legal authorities or direct new funding but signals continued policy focus on space.
The President invokes Section 232 of the Trade Expansion Act to declare that imports of robotics, industrial machinery, and their components threaten national security, and directs the Secretary of Commerce and USTR to negotiate agreements with trading partners to adjust these imports, potentially leading to tariffs or quotas within 180 days.
This proclamation modifies the list of Canadian products subject to a 50% additional ad valorem duty imposed under Section 338 of the Tariff Act of 1930, removing some products from the duty and adding others, effective October 30, 2026. The action is part of an ongoing dispute over Canada's motor vehicle tariff scheme and is intended to offset discrimination against U.S. commerce. The President directs implementation through the Harmonized Tariff Schedule and authorizes U.S. Customs and Border Protection to issue rules.
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