SWAMP Act
Summary
The SWAMP Act (HR1779) is an early-stage bill directing the sale of a single federal building in San Francisco. It authorizes no funding and has no direct market impact on any publicly traded company. The bill is in subcommittee with no further action in over a year.
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Key Takeaways
- 1.The SWAMP Act is a symbolic bill with no funding or direct market impact.
- 2.No publicly traded company is materially affected by the sale of one federal building.
- 3.The bill has stalled in subcommittee with zero legislative progress since March 2025.
Market Implications
No market implications. The bill is purely procedural and has no mechanism to affect any sector or company.
Full Analysis
- On March 3, 2025, Rep. Carter (R-GA) introduced HR1779, the SWAMP Act, which directs the Administrator of General Services to sell the Speaker Nancy Pelosi Federal Building at 90 7th St, San Francisco, CA. The bill was referred to the House Committee on Transportation and Infrastructure and then to its Subcommittee on Economic Development, Public Buildings, and Emergency Management. As of June 9, 2026, no further action has occurred. 2) The bill authorizes zero funding. It mandates a property sale under existing GSA disposal authority (40 U.S.C. Chapter 5, Subchapter III). No new spending or tax provisions are included. 3) The sale of a single federal building is too small and localized to affect any publicly traded company. Potential buyers could include private developers or REITs, but the transaction is speculative and not material to any listed entity. 4) No real market data is provided. The competitive landscape for federal property sales is fragmented and opaque. 5) The bill remains in early legislative stages. For it to become law, it must pass the House and Senate and be signed by the President. Given no movement in over a year, passage probability is low.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
SPENCER CONSTRUCTION LLC: $1.1B Department of Homeland Security Contract
FISHER SAND & GRAVEL CO: $1.6B Department of Homeland Security Contract
FISHER SAND & GRAVEL CO: $2.6B Department of Homeland Security Contract
COCHRANE USA INC: $641M Department of Homeland Security Contract
Presidential Memorandum: Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Coal Supply Chains and Baseload Power Generation Capacity
BARNARD SPENCER JOINT VENTURE: $634M Department of Homeland Security Contract
SPENCER CONSTRUCTION LLC: $512M Department of Homeland Security Contract
Applied Aerospace & Defense ($AADX) Prices $650M IPO on NYSE at $3.5B Valuation
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