US House passes $1.15T defense bill
Analysis based on 85 articles · First reported Jul 15, 2026 · Last updated Jul 25, 2026
Defense contractors and military suppliers may see increased demand from the record $1.15 trillion authorization, but the partisan divide and uncertain Senate passage create near-term uncertainty. The $95 billion budget resolution, if enacted, could boost defense and agriculture sectors but add to fiscal deficits, potentially pressuring bond markets.
The US House of Representatives narrowly passed the fiscal 2027 National Defense Authorization Act (NDAA) on July 22-23, 2026, authorizing a record $1.15 trillion in defense spending. The bill, which passed 216-212 largely along party lines, includes a 5-7% pay raise for service members, $750 million for US-Israel security cooperation, and a provision to rename the Department of Defense to the Department of War. Separately, the House adopted a $95 billion budget resolution (216-214) to fund the Iran war, aid farmers, and enact stricter voter registration rules via the SAVE Act. Both measures face an uncertain path in the Senate, where Majority Leader John Thune has been noncommittal. Democrats criticized the spending as excessive and the Iran war as unpopular, while Republicans argued the funds are necessary for national security. The NDAA also includes a prohibition on gender-related medical care under TRICARE and eases rules for carrying firearms on base.
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