Loading the records…
Loading the records…
HR4406 is in very early legislative stages—referred to five committees with 34 cosponsors. No funding is authorized. The bill is not a near-term market factor for any healthcare company.
Key takeaways, market implications, full AI analysis, and connected signals are available to HillSignal members.
Already have an account? Log in
No actionable market implications for specific tickers. The bill is procedural noise at this stage. Investors should monitor committee hearings or markups for signs of momentum, but none exist today.
The State-Based Universal Health Care Act of 2025 (HR4406) was introduced on July 15, 2025, and referred to five committees. It has 34 cosponsors, all Democrats. The bill text creates a waiver framework for states to establish universal health care systems, but authorizes no specific funding. No hearings, markups, or votes have occurred. The legislative path is long and uncertain. Major health insurers (UNH, CI, HUM, CVS) have rallied 8-41% in the last 30 days, confirming the market sees no threat from this bill. For-profit hospital operators (HCA, UHS) declined 8-12% in the same period, but this divergence is driven by non-legislative factors. No tickers warrant inclusion because no causal chain can be constructed from this early-stage, unfunded authorization bill to any specific company's revenue. The sponsor (Rep. Khanna, D-CA) is a senior progressive but not a committee chair. The companion bill S2286 is also in early stages. No market-moving action is expected in the current Congress.
Matched on shared policy language across AI analyses, with ticker & timing weight
MERCK SHARP & DOHME LLC: $2.0B Department of Health and Human Services Contract Vehicle
UTAH DEPARTMENT OF HEALTH AND HUMAN SERVICES: $3.4B Department of Health and Human Services Grant
TRIWEST HEALTHCARE ALLIANCE CORP: $1.2B Department of Veterans Affairs Contract
GOVERNOR'S AUTHORIZED REPRESENTATIVE: $1.8B Department of Homeland Security Grant
MULTIPLE RECIPIENTS: $1.7B Department of Health and Human Services Federal Award
MULTIPLE RECIPIENTS: $5.6B Department of Health and Human Services Federal Award
MULTIPLE RECIPIENTS: $3.2B Department of Health and Human Services Federal Award
MULTIPLE RECIPIENTS: $6.1B Department of Health and Human Services Federal Award
Executive orders & memoranda affecting the same sectors or companies
This executive order establishes a Women's Health Division within the NIH to coordinate and accelerate research on understudied women's health conditions, and creates a White House Women's Health Task Force to drive policy reforms and translation of research into clinical practice across federal agencies. It directs specific agencies to prioritize research, data collection, and translation into prevention, diagnosis, and treatment, with a focus on all life stages from infancy through aging.
This executive order directs the Secretaries of State, Labor, and Homeland Security to coordinate with Commerce, Education, and the SBA when processing H-1B petitions, and requires them to consider whether the employer has engaged in layoffs of similarly situated U.S. workers within the past year. It also orders the Labor Department to review past labor condition applications for potential enforcement actions against sponsoring employers, effectively tightening scrutiny on H-1B usage, especially by outsourcing firms.
This proclamation orders the Secretaries of War and Veterans Affairs to mandate rapid, ongoing digital sharing of military personnel and medical records, deploy AI-powered tools for benefits applications, and update existing IT contracts for interoperability. It also requires the Transition Assistance Program to connect separating service members to specific jobs or training programs before discharge.
Free — no credit card
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 →