billHR7156Event Tuesday, January 20, 2026Analyzed

SCAM Act

Neutral

Summary

The SCAM Act (HR7156) is an early-stage immigration bill expanding civil denaturalization grounds. It has no direct market impact as it does not authorize spending, create contracts, or regulate any publicly traded sector. No tickers meet the confidence gate for inclusion.

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Key Takeaways

  • 1.Bill is early-stage with no market-moving provisions.
  • 2.No funding authorized or appropriated.
  • 3.No public companies directly affected.

Market Implications

No market implications. The bill does not affect any publicly traded sector or company.

Full Analysis

On January 20, 2026, Rep. Emmer introduced HR7156, the Stop Citizenship Abuse and Misrepresentation Act, which was referred to the House Judiciary Committee. The bill expands civil denaturalization grounds for naturalized citizens who defrauded a government program, joined a terrorist organization, or committed certain crimes. It is in the earliest legislative stage with no committee hearings or markups. The bill authorizes no funding and creates no procurement or regulatory mechanism affecting public companies. The companion bill S3674 is also in early Senate stages. Given the procedural status and lack of economic provisions, the market impact is negligible. No tickers meet the confidence threshold for inclusion.

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