To amend section 102 of the Revised Statutes of the United States to provide that a person who refuses to answer certain questions or is finally convicted of perjury before either House of Congress shall be debarred from Federal employment, and for other purposes.
Summary
HR9991 is an early-stage bill that would debar from federal employment individuals who refuse to answer congressional questions or are convicted of perjury before Congress. It has been referred to three committees with no cosponsors, indicating minimal legislative momentum. There is no direct market impact from this procedural bill.
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Key Takeaways
- 1.HR9991 is a procedural bill with no market impact.
- 2.No funding, no contracts, no regulatory changes for any sector.
- 3.Zero cosponsors and early committee referral indicate low legislative momentum.
Market Implications
No market implications. This bill does not affect any sector, company, or investment thesis.
Full Analysis
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On July 30, 2026, Rep. Richard McCormick (R-GA) introduced HR9991, which amends Section 102 of the Revised Statutes to bar from federal employment anyone who refuses to answer certain questions or is finally convicted of perjury before either House of Congress. The bill was referred to the Judiciary, Oversight and Government Reform, and Rules Committees. It is in the earliest legislative stage with zero cosponsors.
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The bill authorizes no funding and involves no appropriations. It is a personnel policy change affecting federal employment eligibility, not a spending or procurement measure.
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There are no related signals, procurements, or presidential actions provided that converge with this bill. It stands as an isolated procedural measure.
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No public companies are structurally affected. The bill targets individuals' eligibility for federal employment, not corporate behavior, contracts, or market conditions.
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The bill must pass through three committees, then the House floor, the Senate, and be signed by The President. With no cosponsors and early-stage referral, passage is highly uncertain and distant.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
FISHER SAND & GRAVEL CO: $2.8B Department of Homeland Security Contract
STATE OF FLORIDA DIVISION OF EMERGENCY MANAGEMENT: $1.5B Department of Homeland Security Grant
SPENCER CONSTRUCTION LLC: $1.1B Department of Homeland Security Contract
FISHER SAND & GRAVEL CO: $2.8B Department of Homeland Security Contract
SOUTHWEST VALLEY CONSTRUCTORS CO: $1.7B Department of Homeland Security Contract
AMI METALS, INC: $1.5B Department of Homeland Security Contract
FISHER SAND & GRAVEL CO: $2.6B Department of Homeland Security Contract
HANFORD TANK WASTE OPERATIONS & CLOSURE, LLC: $1.5B Department of Energy Contract
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Securing America’s Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials
This executive order restricts waivers for foreign-sourced critical materials in defense contracts, effective January 1, 2027, and mandates that defense contractors map their supply chains from raw materials to end products, vet subcontractors for risks, and prohibit covered materials from unreliable foreign suppliers. It directs the Secretary of War to enforce strict compliance, including requiring mitigation plans for any non-compliant materials and establishing penalties for fraud or willful noncompliance.
Securing the Nation Against Advanced Cryptographic Attacks
This executive order mandates a nationwide transition of federal information systems and critical infrastructure to post-quantum cryptography (PQC) by specific deadlines (2030 for key establishment, 2031 for digital signatures), directs NIST to lead technical guidance and a pilot project, requires agencies to appoint PQC migration leads, and orders the Federal Acquisition Regulatory Council to propose rules requiring contractors to comply with NIST PQC standards by 2030.
National Security Presidential Memorandum/NSPM-12
This memorandum rescinds previous national security directives and re-establishes the Committee on National Security Systems (CNSS) to enforce baseline cybersecurity standards across all National Security Systems (NSS) operated by the Department of War, Intelligence Community, and Federal Civilian Executive Branch agencies. It creates binding directives and complementary standards that must meet or exceed NIST guidelines, empowers the NSA Director as the National Manager to issue emergency directives and cryptography requirements, and holds agency heads accountable through government-wide oversight.
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