Which bills will become law in 2026?
Short Answer
1. Executive Verdict
- Late 2026 legislative calendar likely constrains non-essential bills.
- Critical minerals provisions could attach to the FY2027 National Defense Authorization Act.
- The Credit Card Competition Act shows strong bipartisan support across both chambers.
- National security events may increase pressure for FISA Section 702 reauthorization.
- The Farm, Food, and National Security Act (H.R. 7567) was reported favorably.
- Several key bills, including "Export-control chip security," are being monitored.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| FISA Section 702 reauthorization (2 years) | 11.0% | 3.6% | Octagon research indicates low likelihood for this specific two-year reauthorization. |
| SHOWER Act | 23.0% | 12.2% | Octagon research suggests this bill faces moderate headwinds for passage. |
| Housing for the 21st Century Act | 76.0% | 68.6% | Octagon research indicates strong support for this housing legislation. |
| Critical-minerals stockpile | 39.0% | 26.0% | Octagon research shows some support, but challenges for enactment remain. |
| $2.50 Coin | 17.0% | 8.1% | Octagon research suggests limited momentum for the $2.50 Coin legislation. |
Current Context
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: FISA Section 702 reauthorization (2 years)
📉 April 29, 2026: 13.0pp drop
Price decreased from 34.0% to 21.0%
Outcome: Critical-minerals stockpile
📉 April 25, 2026: 9.0pp drop
Price decreased from 55.0% to 46.0%
4. Market Data
Contract Snapshot
For the "White House ballroom funding" market, a "Yes" resolution occurs if legislation authorizing funding for a presidential ballroom becomes law between the market's issuance and January 1, 2027, requiring presidential signature or veto override. An expired presidential pocket veto results in a "No" resolution. The market opened on April 28, 2026, and closes early upon the event's occurrence or by January 1, 2027, with payouts within 30 minutes, based on verification from the Library of Congress.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Housing for the 21st Century Act | $0.80 | $0.25 | 76% |
| ROTOR Act | $0.72 | $0.33 | 67% |
| DEFIANCE Act | $0.64 | $0.40 | 61% |
| Hot Rotisserie Chicken Act | $0.62 | $0.44 | 61% |
| White House ballroom funding | $0.47 | $0.60 | 46% |
| Critical-minerals stockpile | $0.39 | $0.65 | 39% |
| Export-control chip security | $0.36 | $0.69 | 36% |
| AI-chip export licensing | $0.25 | $0.78 | 25% |
| SHOWER Act | $0.24 | $0.81 | 23% |
| Smithsonian Women’s History Museum | $0.23 | $0.83 | 22% |
| Data center utility cost protection | $0.21 | $0.84 | 21% |
| Film/TV production expensing | $0.21 | $0.81 | 19% |
| SELF DRIVE Act | $0.20 | $0.81 | 19% |
| $2.50 Coin | $0.17 | $0.87 | 17% |
| Credit-card routing competition | $0.14 | $0.90 | 15% |
| FISA Section 702 reauthorization (2 years) | $0.12 | $0.89 | 11% |
| Trump Airport | $0.15 | $0.89 | 10% |
| Trump's Birthday as a federal holiday | $0.09 | $0.95 | 9% |
Market Discussion
The discussion indicates strong trader confidence in the "Hot Rotisserie Chicken Act" becoming law, with one participant labeling it "free money." Key arguments revolve around market rules, specifically clarifying that bills do not need to pass as standalone legislation but can be included within broader bills. A notable point of inquiry is whether a general "Hot Foods Act" would fulfill the conditions for the more specific "Hot Rotisserie Chicken Act" market.
5. How will the 119th Congress's legislative calendar, particularly the pre-election session and lame-duck period, affect prospects for non-essential bills in late 2026?
| Senate October Recess | Oct 5–Nov 6, 2026 [^][^][^] |
|---|---|
| Expected End of Session | Around Dec 17–18, 2026 [^][^][^] |
| Final Bill Deadline | Dec 31, 2026, 11:59 PM ET [^][^] |
6. What evidence suggests the critical-minerals stockpile provisions could be attached to a must-pass legislative vehicle like the FY2027 National Defense Authorization Act (NDAA)?
| FY2026 NDAA Stockpile Inclusion | National Defense Stockpile Subtitle B, Sections 1411-1412 (signed Dec 18, 2025) [^][^] |
|---|---|
| FY2027 National Defense Stockpile Budget Request | Over $18.005B (FY2027) [^][^] |
| National Defense Stockpile Coverage | 6.2% of wartime shortfalls, representing a $14.83B gap (early 2020s) [^] |
7. How does the level of bipartisan support in the House and Senate compare between the proposed AI-chip export licensing bill and the credit-card routing competition bill?
| CCCA Senate Leadership | Senator Dick Durbin (D) and Senator Roger Marshall (R) [^][^][^] |
|---|---|
| CCCA House Leadership | Representative Lance Gooden (R) and Representative Zoe Lofgren (D) [^][^][^] |
| AI-chip Bill 1473 Sponsors | Senators Mike Rounds (R) and Mark Warner (D) [^] |
8. Which public data sources provide the most reliable real-time tracking of a bill's progress from committee to law in the 119th Congress?
| GovInfo BILLSTATUS XML update frequency | ~4 hours [^][^][^] |
|---|---|
| GovTrack bill status appearance | Next business day [^] |
| Authoritative became law confirmation | Congress.gov public laws by Congress (after NARA assigns PL number) [^] |
9. What potential national security events or shifts in congressional leadership could impact the final passage of the FISA Section 702 reauthorization before the end of 2026?
| Market Resolution Deadline | December 31, 2026 [^][^] |
|---|---|
| Original Statutory Sunset (RISAA) | April 20, 2026 [^] |
| Current Extended Deadline | Mid-June (June 12) [^] |
10. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: January 01, 2027
- Closes: January 01, 2027
11. Decision-Flipping Events
- Trigger: Several bills are being monitored for potential enactment by December 31, 2026 11:59 PM ET, requiring passage by both chambers and signing/enactment into law [^] .
- Trigger: These include bills like the "Housing for the 21st Century Act" and "Export-control chip security" [^] .
- Trigger: Additionally, the Farm, Food, and National Security Act of 2026 (H.R.
- Trigger: 7567) was introduced on Feb.
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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