To amend the Intelligence Reform and Terrorism Prevention Act of 2004 to limit adverse security clearance and suitability determinations based on past marihuana use, and for other purposes.
Summary
HR10504, introduced with bipartisan sponsorship, would prohibit security clearance denials based solely on past marijuana use. If enacted, it expands the cleared talent pool for defense contractors and government services firms, reducing hiring costs. The bill is in early committee stage with no funding authorization.
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Key Takeaways
- 1.HR10504 is an early-stage bipartisan bill that would remove a hiring barrier for cleared positions.
- 2.Defense contractors and government services firms are primary beneficiaries if enacted.
- 3.No funding is authorized; impact is through regulatory relief and talent pool expansion.
Market Implications
The bill is too early to move stock prices. However, structural positioning suggests that if the bill gains momentum, defense services companies with high cleared workforce percentages (, , $CACI) would see the most relative benefit. Primes ($LMT, , , ) have more diversified revenue but still benefit. No real market data is available to cite.
Full Analysis
- What happened: On 2026-09-17, Rep. Raskin (D-MD) introduced HR10504, cosponsored by Rep. Nunn (R-IA). The bill was referred to the House Committee on Oversight and Government Reform. It is in early stage with no hearings scheduled. 2) The money trail: The bill authorizes no direct funding. Its mechanism is regulatory relief—removing a barrier to employment for cleared positions. The economic impact is indirect: reduced recruitment costs and faster program staffing for defense contractors. 3) Convergence: No related signals provided. 4) Structural winners: Defense primes and government services contractors with large cleared workforces benefit most. Pure-play services firms like Leidos and Booz Allen have higher exposure. 5) Timeline: The bill must pass committee, the House, the Senate, and be signed by the President. Given early stage and bipartisan sponsorship, progress is uncertain but possible in the 119th Congress.
Intelligence Surface
Cross-referenced against federal contracts, SEC insider filings & congressional trade disclosures
No confirming evidence found yet from contracts, insider trades, or congressional activity
What the bill does
Amends security clearance adjudication rules to prohibit adverse determinations based solely on past marijuana use.
Who must act
Federal agencies and cleared defense contractors adjudicating security clearances under the Intelligence Reform and Terrorism Prevention Act.
What happens
Expands the eligible cleared workforce pool, reducing hiring friction and time-to-clearance for contractors.
Stock impact
Lockheed Martin employs over 110,000 cleared personnel; a larger talent pool reduces recruitment costs and program delays across F-35, Aegis, and classified programs.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
Love Lives On Act of 2025
Department of Homeland Security Appropriations Act, 2027
LOCKHEED MARTIN CORPORATION: $490M Department of Commerce Contract
Slash the Pentagon Act
LOCKHEED MARTIN CORP: $438M National Aeronautics and Space Administration Contract
Cable Security Fleet Expansion Act
Biodefense Diplomacy Enhancement Act
Trucking Security and CCP Disclosure Act of 2026
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