To require the United States International Trade Commission to investigate national security concerns regarding the exportation of aluminum scrap to countries of concern, and for other purposes.

On June 4, 2026, Representative Haley Stevens (D-MI) introduced HR9161, a bill requiring the USITC to investigate whether aluminum scrap exports to countries of concern pose a national security threat. The bill has been referred to the House Committee on Foreign Affairs, its only committee assignment. As of June 5, 2026, the bill is in early legislative stage with three procedural actions (introduction and referral). No companion bill has been introduced in the Senate.

The bill authorizes no funding and imposes no trade restrictions. It is a study mandate, not a regulatory or spending bill. The USITC would be required to conduct an investigation and report findings, but the bill does not specify a timeline or trigger any automatic actions. Actual policy changes would require subsequent legislation.

Structural winners include domestic aluminum producers and recyclers that could benefit if the investigation leads to future export restrictions, increasing domestic scrap supply. Tickers $AA (Alcoa), $KALU (Kaiser Aluminum), and $CENX (Century Aluminum) are the most directly exposed. However, with no immediate trade action, the impact is speculative and distant.

No real market data is provided for these tickers. The competitive landscape for aluminum scrap is currently stable, with no disruption from this bill. The legislative path requires committee hearings, potential markup, House passage, Senate introduction and passage, and presidential action — a multi-year process if it advances at all.

Timeline: The bill is at the earliest stage. Committee consideration in the House Foreign Affairs Committee is the next step. Given the narrow scope and early stage, passage in the 119th Congress is uncertain.