$INTU

The Direct File Act of 2026 establishes a government-run tax filing system, directly competing with private tax preparation services. This bill creates a significant headwind for companies like Intuit ($INTU) and H&R Block ($HRB) by reducing demand for their core offerings.

The Taxpayer Data Protection Act introduces new regulations on how companies handle taxpayer data, increasing compliance costs for firms that collect and process this information. This bill directly impacts large technology and financial companies, requiring significant investment in data security and privacy infrastructure. Companies with robust existing data protection frameworks are better positioned.

The Streamlining Small Business Contracts Act of 2026, if enacted, will increase the total addressable market for small businesses seeking federal contracts. This directly benefits companies providing services and software to small businesses, as well as small businesses themselves. This bill is currently in the early stages of the legislative process.