To amend the Internal Revenue Code of 1986 to provide American tariff rebates, and for other purposes.
Summary
HR10494, introduced by Rep. Foushee (D-NC) on 2026-09-17, proposes amending the Internal Revenue Code to provide tariff rebates. The bill is in early legislative stages with no cosponsors and has been referred to three committees. No market impact is expected until substantive text emerges and legislative momentum builds.
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Key Takeaways
- 1.HR10494 is an early-stage tariff rebate bill with no cosponsors and multiple committee referrals.
- 2.No specific rebate amounts, eligible industries, or funding mechanisms are known.
- 3.Market impact is negligible until the bill advances and details emerge.
Market Implications
No market implications at this stage. The bill's early status and lack of detail prevent any meaningful analysis of winners or losers. If the bill progresses, potential beneficiaries could include import-heavy retailers ($WMT, $TGT) and manufacturers ($CAT, $DE) that would see reduced tariff costs, but no tickers can be confidently assigned without bill text.
Full Analysis
HR10494 is a bill introduced in the 119th Congress by Representative Valerie Foushee (D-NC-4) on September 17, 2026. Its title indicates an intent to amend the Internal Revenue Code to provide 'American tariff rebates,' likely aimed at offsetting the cost of tariffs on domestic businesses or consumers. However, the bill is at the earliest stage: it has been referred to the Committees on Ways and Means, Judiciary, and Homeland Security, with no further action. There are zero cosponsors, and no companion bill in the Senate has been identified. The legislative path is long and uncertain; the bill must pass through committee markup, floor votes in both chambers, and be signed by The President. Given the lack of detail on the specific rebate mechanism, eligible parties, or funding source, no concrete market implications can be drawn. The bill's impact on sectors such as manufacturing, consumer goods, and technology would depend on the scope of rebates—whether they target raw materials, finished goods, or specific industries. Until the bill text is released and gains traction, it remains a procedural filing with negligible near-term market relevance.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
FERMI FORWARD DISCOVERY GROUP, LLC: $2.5B Department of Energy Contract
DELL FEDERAL SYSTEMS L.P: $1.1B Department of Veterans Affairs Contract
DAVIE DEFENSE INC.: $3.5B Department of Homeland Security Contract
RAUMA MARINE CONSTRUCTIONS OY: $1.1B Department of Homeland Security Contract
RAUMA MARINE CONSTRUCTIONS OY: $1.1B Department of Homeland Security Contract
FERMI FORWARD DISCOVERY GROUP, LLC: $2.4B Department of Energy Contract
BOLLINGER SHIPYARDS LOCKPORT, L.L.C.: $2.1B Department of Homeland Security Contract
DEPARTMENT OF EDUCATION CALIFORNIA: $1.7B Department of Agriculture Grant
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
RESTORING AMERICAN SALTWATER ANGLING AND RECREATION
This executive order directs federal agencies (primarily NOAA and the Department of Commerce) to shift fisheries management toward prioritizing recreational fishing over commercial interests by modernizing data collection, replacing outdated mail-in surveys with real-time mobile reporting, and allowing state-collected data to substitute for federal data when error rates are lower. It also mandates reviewing and potentially revising National Standards under the Magnuson-Stevens Act, rescinding regulations that restrict marine access, and launching pilot programs for iconic fisheries like Atlantic striped bass, with the goal of boosting the $1.2 trillion outdoor recreation sector.
Reinvigorating America's Hunting Heritage
This executive order directs multiple federal agencies (Interior, Agriculture, Labor, Education, Veterans Affairs, Commerce, and the Secretary of War) to expand hunting and fishing access on federal lands, including opening specific national monuments to hunting, allowing traditional lead ammunition, promoting hunting education in schools, encouraging Sunday hunting on state and federal lands, and facilitating wild game donation programs. It aims to reverse restrictions on access and cultivate a new generation of hunters through policy changes and funding guidance.
Restoring Reciprocity in Government Procurement
This Presidential Memorandum directs the Office of Management and Budget, the U.S. Trade Representative, and other federal agencies to identify and remove Canadian-origin items from federal civil procurement where possible, citing Canada's 'Buy Canadian' policies as discriminatory. It also requires agencies to be notified of domestic alternatives and mandates ongoing monitoring of Canada's procurement practices, with provisions for restoring access if Canada changes its policies.
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