To direct the Assistant Secretary of Commerce for Communications and Information to conduct a survey with respect to data center resource consumption, and for other purposes.
Summary
HR10005, introduced by Rep. Scholten (D-MI), directs a survey on data center resource consumption. It is in early legislative stages (referred to committee). The bill has no funding, no mandates, and no direct market impact. It is a data-gathering exercise with no near-term financial implications for any sector.
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Key Takeaways
- 1.HR10005 is a data-gathering bill with no funding, no mandates, and no direct market impact.
- 2.The bill is in early legislative stages and faces a long path to enactment.
- 3.No tickers are materially affected; the bill is procedural and informational.
Market Implications
No market implications. The bill is a data-gathering exercise with no financial teeth. Data center REITs (EQIX, DLR) and utilities (NEE, DUK, SO) are unaffected. The bill does not change any company's revenue, costs, or competitive position.
Full Analysis
HR10005 was introduced on July 30, 2026, by Rep. Hillary Scholten (D-MI) and referred to the House Committee on Energy and Commerce. The bill directs the Assistant Secretary of Commerce for Communications and Information to conduct a survey on data center resource consumption (energy, water, land). It is an early-stage, procedural bill with no authorized funding, no regulatory mandates, and no spending. The bill's sole purpose is information gathering. There is no money trail — the bill does not authorize or appropriate any funds. It does not create tax credits, grants, or procurement programs. The legislative path is long: it must pass committee, the full House, the Senate, and be signed by The President. Given the early stage and lack of substantive provisions, the probability of enactment in its current form is low. Structural winners and losers: None. The bill is purely informational. Data center REITs (EQIX, DLR) and utilities (NEE, DUK, SO) face no direct financial impact. Timeline: The bill was referred to committee on July 30, 2026. No hearings, markups, or votes have occurred. The 119th Congress runs through January 2027, leaving limited time for passage.
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
Mandatory survey of data center resource consumption (energy, water, land) by the Assistant Secretary of Commerce for Communications and Information.
Who must act
Data center operators and developers (including REITs like Equinix) who would be required to respond to a federal survey on resource usage.
What happens
Increased administrative burden and potential public disclosure of energy and water usage data, which may lead to future regulatory or efficiency standards.
Stock impact
Equinix, as a data center REIT, will incur compliance costs for survey participation. No direct revenue impact; the survey is informational only.
What the bill does
Mandatory survey of data center resource consumption (energy, water, land) by the Assistant Secretary of Commerce for Communications and Information.
Who must act
Data center operators and developers (including REITs like Digital Realty) who would be required to respond to a federal survey on resource usage.
What happens
Increased administrative burden and potential public disclosure of energy and water usage data, which may lead to future regulatory or efficiency standards.
Stock impact
Digital Realty, as a data center REIT, will incur compliance costs for survey participation. No direct revenue impact; the survey is informational only.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
To amend the Public Utility Regulatory Policies Act of 1978 to add a standard prohibiting the recovery of costs associated with data centers by certain electric utilities, and for other purposes.
Energy and Water Development and Related Agencies Appropriations Act, 2027
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "National Emission Standards for Hazardous Air Pollutants: Coal- and Oil-Fired Electric Utility Steam Generating Units: Final Repeal".
Make DTE Pay Act
Geothermal Cost-Recovery Authority Act of 2025
No Harm Data Centers Act
January 6th Law Enforcement Heroes Compensation Fund Act
Build Nuclear with Local Materials Act of 2026
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Presidential Determination Pursuant to Section 101 of the Defense Production Act of 1950, as Amended, on Recoverable Critical Minerals and Materials
This memorandum invokes the Defense Production Act (DPA) Section 101 to declare that recoverable critical minerals and materials (such as black mass, end-of-life rare-earth magnets, and scrap) are essential to national defense and that the U.S. cannot meet defense needs without disrupting civilian markets. It directs the Secretary of Commerce to issue regulations and take actions—including priority contracts and supply-chain interventions—to rapidly expand domestic recovery and processing of these materials, while explicitly excluding copper scrap already covered by a separate proclamation.
Further Strengthening Actions Taken to Adjust Imports of Aluminum into the United States
This proclamation modifies the Section 232 tariff regime on aluminum imports by authorizing the Secretary of Commerce to establish a program that incentivizes new U.S. investment in primary aluminum production. Companies with approved onshoring plans can import primary aluminum at half the standard Section 232 duty rate, up to the anticipated annual output of their new or expanded facilities, with construction required to start by January 20, 2029. The action aims to boost domestic primary aluminum supply for national security and defense industrial base needs.
Securing America’s Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials
This executive order restricts waivers for foreign-sourced critical materials in defense contracts, effective January 1, 2027, and mandates that defense contractors map their supply chains from raw materials to end products, vet subcontractors for risks, and prohibit covered materials from unreliable foreign suppliers. It directs the Secretary of War to enforce strict compliance, including requiring mitigation plans for any non-compliant materials and establishing penalties for fraud or willful noncompliance.
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