Watered-Down Federal Bill

The most likely legislative path is that Hawley's proposal receives hearings and some bipartisan privacy interest, but is narrowed to disclosure, audit, retention, and warrant-standard provisions. Law-enforcement groups and municipal associations lobby against a broad ban, pushing Congress toward compliance rules rather than a shutdown of automated license-plate-reader networks.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.