To provide for congressional approval of national emergency declarations.
Summary
HR10132 is a procedural bill that would require congressional approval for national emergency declarations. It was introduced in the House and referred to three committees on August 20, 2026. At this early stage, the bill has no direct financial impact on any sector as it sets a legislative check on executive power rather than authorizing or appropriating funds.
See which stocks are affected
Key takeaways, market implications, full AI analysis, and connected signals are available to HillSignal members.
Already have an account? Log in
Key Takeaways
- 1.HR10132 is a procedural check on presidential emergency powers with zero authorized funding.
- 2.No sector or publicly traded company is directly affected by this bill.
- 3.Given the early stage, there is no investable signal for retail investors.
Market Implications
No direct market implications. Retail investors should watch for movement out of committee as a signal of legislative momentum, but no sector or company currently has exposure.
Full Analysis
On August 20, 2026, Rep. Chip Roy (R-TX) introduced HR10132, a bill requiring congressional approval for national emergency declarations. The bill was referred to the House Committees on Transportation and Infrastructure, Foreign Affairs, and Rules. This is an early-stage bill with only an original cosponsor, Rep. Steve Cohen (D-TN). As a constitutional procedure bill, it authorizes zero dollars. Its passage would not directly change any funding or regulatory mechanism for a specific industry. The legislative path remains extensive: committee review, potential markups, floor votes in both chambers, and presidential action. At this stage, no publicly traded company faces a direct financial impact, hence no ticker inclusion is justified.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
To direct the Administrator of the Small Business Administration to reinstate and extend participation in the 8(a) Program for certain concerns, and for other purposes.
A joint resolution proposing an amendment to the Constitution of the United States to ensure that only citizens are eligible to vote Federal in elections.
To establish a National Flood Impact Reduction and Resilience Program to achieve major measurable reductions in the losses of life and property from floods through a coordinated Federal effort, and for other purposes.
VISITOR Act
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
The National Space Transportation Policy
This memorandum directs multiple agencies to expand and modernize U.S. space launch and reentry infrastructure to support over 1,000 launches annually by 2030, expedite permitting and environmental reviews, develop new federal reentry sites, and strengthen the space transportation industrial base. It mandates range scheduling transparency, spectrum reliability, and workforce development, with specific reports and plans due within 90 to 240 days.
Adjusting Imports of Unmanned Aircraft Systems and Unmanned Aircraft Systems Components into the United States
This proclamation imposes a 100% ad valorem tariff on imports of unmanned aircraft systems (UAS) over 25 kg, those with thermal imagers, docking stations, and certain components, and a 25% tariff on UAS under 25 kg and other components, citing national security under Section 232 of the Trade Expansion Act. It also authorizes the Department of Commerce to establish an onshoring program offering preferential tariff treatment for companies that build new U.S. manufacturing facilities for UAS and components.
Rebuilding the United States Navy and America’s Shipbuilding Industrial Base
This memorandum directs the Secretary of War to replace the Electromagnetic Aircraft Launch System with steam/hydraulic systems on aircraft carrier CVN-81, adopt a 'Finland Model' allowing foreign shipbuilders to bid on up to three ship classes if they build U.S. shipyards and transfer technology, and submit plans for a fifth public Navy yard, a component repair center, and competitive acquisitions for surface combatants and auxiliary vessels. It also restricts iterative design changes and delegates waiver authority for foreign shipbuilding contracts.
Free — no credit card
Get the next market-moving signal before the news does
HillSignal scores every Congressional bill, federal contract, and insider filing for market impact and emails you the high-conviction ones — free, no credit card.
Weekly digest — the congressional activity that actually moved markets that week, in plain English. Free, one email.
Free forever plan · No credit card · Unsubscribe in one click
Want the live terminal too? Create a free account →