SCOPE Act of 2026
Summary
The SCOPE Act of 2026 (S.3928) is an early-stage bill at the referral-to-committee phase with zero authorized funding. It requires only a study and publication of guidance by the EPA—no mandate, no spending, no compliance deadline. There is zero direct market impact today for any public company.
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Key Takeaways
- 1.Zero funding authorized — no money changes hands.
- 2.Only requires a study and guidance publication; no compliance mandate exists yet.
- 3.Identical companion bill exists (HR7684) but both are stalled in committee since February 2026.
- 4.No market impact today. Revisit only if the bill advances to a committee markup with amendments.
Market Implications
No market implications exist today. The SCOPE Act is a procedural placeholder. Retail investors should ignore this bill until it reaches a committee markup, receives a Congressional Budget Office score, or gains co-sponsors beyond the primary sponsor. No ticker should be bought or sold based on this filing.
Full Analysis
- What happened: On 2026-02-26, Senator Schiff (D-CA) introduced S.3928, the SCOPE Act of 2026, which directs the EPA to study and publish guidance on Scope 3 emissions reporting. The bill was read twice and referred to the Senate Committee on Environment and Public Works. An identical companion bill, HR7684, was introduced in the House and referred to the Energy and Commerce Committee. Both bills are at the earliest procedural stage with no further action in over two months. 2) The money trail: The bill authorizes zero funding. It contains no appropriation, no tax credit, no grant program, and no penalty. Until the EPA completes its study and publishes guidance—a process that typically takes 12–24 months even with full political support—no regulated entity has any new obligation. Authorization bills without appropriation have no direct cash flow impact. 3) Structural winners and losers: There are none at this stage. Scope 3 reporting guidance, if finalized, would eventually affect large public companies with complex supply chains (e.g., $AMZN, $WMT, $AAPL) and the software firms that provide carbon accounting tools (e.g., $WSC, $SPGI). However, this bill is so early in the legislative process that no company faces any current compliance cost or revenue opportunity. 4) No real market data is provided for this bill, and none exists—the bill has produced zero market reactions since introduction. 5) Timeline: The bill must pass the Senate Environment and Public Works Committee, then the full Senate, then the companion bill must pass the House Energy and Commerce Committee and full House, then a conference committee, then the President must sign it. Given zero funding and the current early stage, the probability of passage is very low in the 119th Congress. Even if enacted, the EPA would then need 18–24 months to publish guidance.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
American Innovation and R&D Competitiveness Act of 2025
Growing and Preserving Innovation in America Act of 2025
Price Gouging Prevention Act of 2025
Antitrust Freedom Act of 2026
FOUR POINTS TECHNOLOGY, L.L.C.: $150M Social Security Administration Contract
SCAM Act
To expand the sharing of information with respect to suspected violations of intellectual property rights in trade.
OPTUM PUBLIC SECTOR SOLUTIONS, INC.: $895M Department of Veterans Affairs Contract
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