HR9541, introduced in the House, prohibits federal funds from being used to purchase fiber-optic cable from countries of concern, targeting Chinese suppliers. The bill is in early committee stage with low immediate market impact, but if enacted, it would benefit U.S. fiber optic cable and optical networking manufacturers like Corning ($GLW) and Ciena ($CIEN) by shifting demand toward domestic suppliers.
→ Shift in procurement from foreign suppliers to domestic or allied producers for projects using federal money.