billHR10412•Event Wednesday, September 16, 2026Analyzed

To amend the Internal Revenue Code of 1986 to eliminate the State opt-in requirement for the qualified elementary and secondary education scholarship credit.

Neutral

Summary

H.R. 10412, introduced September 16, 2026, would remove the state opt-in requirement for the federal qualified elementary and secondary education scholarship tax credit, making the credit available nationwide without state-level enabling legislation. The bill is in early legislative stages, referred to the House Ways and Means Committee, and has no direct or near-term market impact. No specific stock price movements are cited as no real market data was provided.

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Key Takeaways

  • 1.H.R. 10412 is an early-stage bill with no direct market impact.
  • 2.The bill would expand a tax credit but does not authorize or appropriate any federal funds.
  • 3.No specific companies or sectors are directly affected.
  • 4.Legislative momentum is low; the bill is unlikely to advance without significant additional support.

Market Implications

No direct market implications. The bill does not affect any specific sector or company's revenue. Investors should focus on the broader legislative calendar for tax reform, but this bill alone does not warrant portfolio changes.

Full Analysis

H.R. 10412, introduced by Rep. Adrian Smith (R-NE) on September 16, 2026, proposes to amend Section 25F(c)(5) of the Internal Revenue Code to eliminate the state opt-in requirement for the qualified elementary and secondary education scholarship credit. The bill is currently in the House Committee on Ways and Means, an early stage of the legislative process. It has not been passed, and no companion Senate bill or committee action has been reported. The bill's effective date is retroactive to the date of enactment of Public Law 119-21, but no specific funding is authorized or appropriated.

Because the bill is at the introduction stage, its market impact is procedural and minimal. The causal chain from the bill to any company is indirect: the bill would expand the availability of a tax credit for donations to scholarship-granting organizations, potentially increasing private scholarship funding. However, the bill does not name any company, does not create a new spending program, and does not directly alter the economics of any publicly traded entity. The affected sector is Education, but the impact is diffuse and would depend on future state-level implementation and donor behavior.

No convergence with other legislative candidates was identified in the provided data. The bill is an isolated tax-code amendment with no shared technology class, funding stream, or specific objective with other bills in the candidate set. Therefore, no tickers or causal chains are included.

The legislative path forward includes committee hearings and markup in Ways and Means, potential floor votes in the House and Senate, and presidential action. Given the early stage and the absence of a companion bill, passage in the 119th Congress is uncertain. Retail investors should monitor the bill's progress but should not expect any direct market movement from this legislation.

Key Legislators

Rep. Smith, Adrian [R-NE-3]

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