billHR9789Event Monday, July 20, 2026Analyzed

To amend section 1839 of title 18, United States Code, to provide that an entity domiciled in a foreign adversary country is a foreign instrumentality for purposes of the prohibition on economic espionage under such section.

Neutral

Summary

HR9789, introduced by Rep. Moolenaar, proposes to amend the definition of 'foreign instrumentality' under 18 U.S.C. §1839 to include entities domiciled in foreign adversary countries for economic espionage prohibitions. The bill is in early stage, referred to the House Judiciary Committee with no cosponsors, and contains no funding or direct market mechanism.

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Key Takeaways

  • 1.HR9789 is a procedural definitional bill with no funding or direct market impact.
  • 2.The bill has zero cosponsors and is at the earliest legislative stage.
  • 3.No tickers or sectors are directly affected by this legislation.

Market Implications

No market implications. The bill does not affect any publicly traded company's revenue, costs, or competitive position. Investors should not adjust positions based on this legislation.

Full Analysis

HR9789 was introduced on July 20, 2026, and referred to the House Committee on the Judiciary. As a bill at the referral stage with zero cosponsors and no committee markup, it has minimal legislative momentum. The bill amends a definition in criminal law regarding economic espionage, which does not authorize spending, create tax incentives, or mandate procurement. There is no money trail—the bill is purely a statutory definition change with no direct financial impact on any sector or company. No convergence is identified as no related signals or procurement data were provided. Without explicit funding, procurement mandates, or regulatory changes affecting specific companies, there are no structural winners or losers. The legislative path requires committee consideration, potential markup, House floor vote, Senate passage, and presidential action—all uncertain at this early stage.

Key Legislators

Rep. Moolenaar, John R. [R-MI-2]

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