billHR8035Event Friday, April 17, 2026Analyzed

To amend the FISA Amendments Act of 2008 to extend the authorities of title VII of the Foreign Intelligence Surveillance Act of 1978 through October 20, 2027, and for other purposes.

Neutral
Impact2/10

Summary

HR8035, a bill to extend Title VII of the Foreign Intelligence Surveillance Act (FISA) until October 20, 2027, failed passage of its rule (H. Res. 1175) in the House on April 17, 2026. This procedural setback indicates a lack of immediate consensus for the bill's advancement.

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Key Takeaways

  • 1.HR8035, seeking to extend FISA Title VII authorities, failed a procedural vote in the House on April 17, 2026.
  • 2.The bill does not involve direct funding, focusing instead on extending existing surveillance authorities.
  • 3.Failure of the rule indicates a lack of immediate legislative consensus for a longer-term extension of FISA Title VII.

Market Implications

The failure of H. Res. 1175 means HR8035 is currently stalled. This creates ongoing uncertainty for the legal framework governing certain foreign intelligence surveillance activities. While there are no direct market implications or specific tickers immediately affected by this procedural vote, the broader defense and technology sectors that support intelligence operations may continue to monitor legislative efforts to reauthorize or extend FISA authorities. The passage of HR8322, a short-term extension, indicates that the underlying authorities are deemed critical, and further legislative action is likely.

Full Analysis

HR8035, introduced on March 24, 2026, aimed to extend the authorities of Title VII of the Foreign Intelligence Surveillance Act (FISA) through October 20, 2027. The bill was referred to the House Judiciary Committee and the Permanent Select Committee on Intelligence. On April 17, 2026, the procedural rule (H. Res. 1175) for considering HR8035 failed passage in the House, effectively halting the bill's progress at this time. This bill does not authorize or appropriate any specific funding. Instead, it seeks to extend existing authorities related to foreign intelligence surveillance. Therefore, there is no direct money trail associated with this specific legislative action. The impact is primarily regulatory, affecting the legal framework under which certain intelligence activities are conducted. Since the bill's primary function is to extend existing surveillance authorities, its failure to advance means the current legal framework for Title VII of FISA remains unchanged, or its expiration date remains as previously set. Companies involved in providing technology or services to intelligence agencies that rely on these authorities would face continued uncertainty regarding the long-term legal basis for such operations if the underlying authority is set to expire soon. However, as this bill did not pass, there are no immediate structural winners or losers from this specific event. No specific tickers are directly impacted by the failure of this procedural vote. The legislative path for HR8035 is currently stalled due to the failure of its rule. For the bill to proceed, a new rule would need to be introduced and passed, or the bill would need to be brought to the floor under different procedures. Given that the related bill HR8322, which extended authorities through April 30, 2026, became Public Law No: 119-84, it suggests that a short-term extension was achieved, but a longer-term extension like HR8035 still faces hurdles.

Market Impact Score

2/10
Minimal ImpactModerateMajor Market Event

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