Which bills will become law in 2026?
Short Answer
1. Executive Verdict
- Credit card routing bill lacks committee support, showing no advancement intent.
- "Housing for 21st Century Act" identified as key NRCC legislative priority.
- FISA Section 702 garnered significant congressional attention in early 2026.
- No lower-profile, bipartisan, negligible-cost bills were identified.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| FISA Section 702 reauthorization (2 years) | 34.0% | 35.3% | The prior determination that FISA Section 702 will be reauthorized for any length substantially increases the probability of a specific 2-year reauthorization becoming law, though the market's 21.3% reflects that a 2-year term is only one of several possible reauthorization durations. |
| SHOWER Act | 24.0% | 13.0% | The provided research does not contain any information regarding the SHOWER Act, therefore there is no new evidence to shift the probability, making the debiased price of 13.0% a fair assessment. |
| Critical-minerals stockpile | 46.0% | 30.1% | While sponsors Senator Shaheen and Representative Wittman hold influential committee positions, the research explicitly notes a lack of specific documentation for their history of successfully attaching similar policy riders to must-pass legislation in recent sessions. |
| $2.50 Coin | 18.0% | 8.8% | The strongest reason for the market's current price is the critical mineral bill sponsors' influential committee positions, yet the evidence indicates they lack a documented history of successfully attaching similar policy riders to major legislation, suggesting a lower likelihood of passage via that common mechanism. |
| Credit-card routing competition | 8.0% | 3.1% | The provided background research does not contain any specific evidence relevant to the Credit-card routing competition market, thus the debiased price of 3.1% remains the fair anchor. |
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
Outcome: Critical-minerals stockpile
📉 April 25, 2026: 9.0pp drop
Price decreased from 55.0% to 46.0%
Outcome: FISA Section 702 reauthorization (2 years)
📈 April 18, 2026: 9.0pp spike
Price increased from 21.0% to 30.0%
4. Market Data
Contract Snapshot
The market resolves to Yes if legislation establishing a federal critical-minerals reserve becomes law before January 1, 2027, verified by the Library of Congress. This requires the bill to pass the full chamber and be signed by the President or become law through veto override; joint resolutions are treated as bills, and treaties require two-thirds Senate approval. Otherwise, including cases of expired presidential pocket vetoes, the market resolves to No by January 1, 2027, 10:00 am EST, though it may close earlier if the outcome occurs.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| ROTOR Act | $0.75 | $0.31 | 70% |
| DEFIANCE Act | $0.68 | $0.35 | 62% |
| Housing for the 21st Century Act | $0.62 | $0.42 | 58% |
| Critical-minerals stockpile | $0.51 | $0.55 | 46% |
| Hot Rotisserie Chicken Act | $0.42 | $0.59 | 42% |
| Export-control chip security | $0.36 | $0.69 | 36% |
| FISA Section 702 reauthorization (2 years) | $0.36 | $0.65 | 34% |
| AI-chip export licensing | $0.25 | $0.78 | 26% |
| SHOWER Act | $0.23 | $0.81 | 24% |
| SELF DRIVE Act | $0.21 | $0.80 | 21% |
| Smithsonian Women’s History Museum | $0.21 | $0.85 | 21% |
| Film/TV production expensing | $0.25 | $0.80 | 19% |
| $2.50 Coin | $0.18 | $0.86 | 18% |
| Data center utility cost protection | $0.21 | $0.84 | 15% |
| Trump Airport | $0.12 | $0.90 | 10% |
| Trump's Birthday as a federal holiday | $0.09 | $0.96 | 9% |
| Credit-card routing competition | $0.14 | $0.91 | 8% |
| White House ballroom funding | $0.24 | $0.83 | 0% |
Market Discussion
Limited public discussion available for this market.
5. Do Critical Mineral Bill Sponsors Have Rider Attachment History?
| Critical Minerals Bill Sponsors | Senator Jeanne Shaheen (D-NH), Representative Rob Wittman (R-VA) [^] |
|---|---|
| Senator Shaheen's Key Committees | Senate Armed Services Committee, Senate Appropriations Committee [^] |
| Critical Minerals Rider History | No explicit evidence of successful attachment found in last two sessions [^] |
6. Are Credit Card Competition Bill Markups Advancing in Congress?
| Senate Committee Credit Card Amendment | Withdrawn October 2026 [^] |
|---|---|
| House Committee Markup Intent | No public statements since Q3 2025 [^] |
| Banking Sector Lobbying Spend Q1 2026 | Projected over $50 million [^] |
7. Which Specific Legislative Bills are Prioritized by NRCC and DCCC?
| NRCC Explicit Bill Priority | "Housing for the 21st Century Act" [^] |
|---|---|
| NRCC Broader Legislative Theme | "Big, Beautiful Bill" (as an agenda moniker) [^] |
| DCCC Explicit Bill Mentions | No specific partisan bills explicitly named [^] |
8. Which Lower-Profile Bills Meet Bipartisan Leadership and Negligible Cost Criteria?
| SHOWER Act (H.R. 4593) Status | Opposing party leadership co-sponsor and CBO score details not available [^]. |
|---|---|
| $2.50 for America’s 250th Act (H.R. 5616) Status | Opposing party leadership co-sponsor and CBO score details not available [^]. |
| Smithsonian National Museum of the American Latino Act (H.R. 1330) Status | Opposing party leadership co-sponsor and CBO score details not available [^]. |
9. What Expiring Legislative Provisions Were Discussed in Early 2026?
| FISA Section 702 Expiration | March 15, 2026 (Congressional Research Service, January 14, 2026) [^] |
|---|---|
| ACA Tax Credits | Extension advocated by House Leader Jeffries (January 8, 2026) [^] |
| Congressional Debate on FISA | Ongoing discussions on reauthorization (Congressional Record, April 16, 2026, and January 12, 2026) [^] |
10. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: January 01, 2027
- Closes: January 01, 2027
11. Decision-Flipping Events
- Trigger: Catalyst analysis unavailable.
13. Historical Resolutions
Historical Resolutions: 1 markets in this series
Outcomes: 1 resolved YES, 0 resolved NO
Recent resolutions:
- KXBILLS-FISAANY: YES (Apr 18, 2026)
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