We have received text from H.R. 10950: Data Center Oversight Act. This bill was received on 2026-10-29, and currently has no cosponsors.
Here is a short summary of the bill:
This bill would require owners, operators, or developers of large data centers to file detailed public disclosure reports with the Department of Energy. It applies to covered facilities , meaning data centers with a facility load of 20 megawatts or more . The bill covers data centers used for things like artificial intelligence training or inference, cloud computing, data hosting, and cryptocurrency mining .
What must be reported
Sponsors of covered data centers would have to file disclosure statements:
- At least 30 days before construction begins
- Within 30 days after the facility begins operating
- Once a year for 10 years after the facility starts operating
For existing facilities, the bill sets special filing deadlines after the law takes effect.
Each disclosure statement would need to include detailed information about:
- Who owns or controls the facility , including people or entities with at least 10% ownership or control
- The facility’s location , size, and electric load
- Which electric utilities serve it
- The cost of electric infrastructure needed to serve the facility, such as generation, transmission, distribution, and interconnection facilities
- Who pays those costs and whether some costs may be shifted to other electric customers
- Projected effects on electric rates and monthly bills for different classes of customers over the next 10 years
- Electric generation on site , including backup generators, fuel type, capacity, and annual output
- Water use and cooling methods , including where water comes from, how much is used, and where discharged water goes
- Nearby protected areas within 1,000 feet of the site, such as schools, parks, hospitals, and residential property
- Labor information , such as whether construction uses a project labor agreement and whether prevailing wages are paid
- Any nondisclosure agreements involving government officials related to the facility
Public access and database
The Department of Energy, acting through the Energy Information Administration, would have to create and maintain a publicly searchable online database containing the full disclosure statements and searchable data fields. The database would have to be free, open to the public without registration, downloadable in bulk, and updated with aggregate statistics at least quarterly.
Enforcement and rules
Failure to file a complete and accurate disclosure statement, or filing a materially misleading one, would be treated as a violation of existing federal reporting law. Civil penalties could be as high as $1 million per day for continuing violations.
The Secretary of Energy would also have to issue regulations within 9 months to set the filing form and define certain technical terms. However, the bill says reporting would still apply even if regulations have not yet been issued.
What the bill would not do
The bill would not give the Department of Energy authority to approve, deny, delay, or condition construction or operation of a data center. It would also not override other federal, state, tribal, or local laws, including state authority over retail electricity rates and service.
Relevant Companies
- MSFT — Microsoft operates large data centers for cloud computing and AI services, which could be affected by the new reporting and disclosure requirements.
- AMZN — Amazon, through AWS, builds and operates large data centers that may fall within the bill’s coverage.
- GOOGL — Alphabet operates large data centers for cloud and AI workloads that could be subject to the filing rules.
- META — Meta uses large-scale data center infrastructure for computing and AI-related operations that may be covered.
- ORCL — Oracle operates cloud data centers that could be subject to the bill’s disclosure requirements.
- IBM — IBM operates data center and cloud infrastructure that may be affected where facilities meet the bill’s size threshold.
- TSLA — Tesla is not primarily a data center operator, but any large on-site computing or AI infrastructure tied to its operations could be affected if it meets the definition of a covered facility.
- IREN — IREN operates large data centers, including those used for digital asset computation, and could be directly affected if its facilities meet the load threshold.
- RIOT — Riot Platforms runs large cryptocurrency mining facilities that may be covered by the bill’s definition of data center.
- MARA — MARA Holdings operates large digital-asset computing facilities that could fall within the bill’s scope.
Representative Eugene Vindman Bill Proposals
Here are some bills which have recently been proposed by Representative Eugene Vindman:
- H.R.10950: Data Center Oversight Act
- H.R.10905: No Personal Data in Grocery Pricing Act
- H.R.10904: American Cost of Living Defense Act
- H.R.10838: Honesty in Government Act of 2026
- H.R.10837: No Corrupt Lobbyists in Government Act
- H.R.10836: To amend the Uniform Code of Military Justice to prohibit the live broadcast of military executions, and for other purposes.
You can track bills proposed by Representative Eugene Vindman on Quiver Quantitative's politician page for Vindman.
Representative Eugene Vindman Net Worth
Quiver Quantitative estimates that Representative Eugene Vindman is worth $1.2M, as of October 31st, 2026. This is the 321st highest net worth in Congress, per our live estimates.
Vindman has approximately $363.2K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Eugene Vindman's net worth on Quiver Quantitative's politician page for Vindman.
2026 Virginia's 7th Congressional District Election
There has been approximately $24,944,970 of spending in Virginia's 7th congressional district elections over the last two years, per our estimates.
Approximately $856,065 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- VOTEVETS ($270,000)
- AMERICAN MAJORITY ACTION PAC ($202,135)
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- AB PAC ($59,555)
The rating for this race is currently "Likely D".
You can track this election on our matchup page for the 2026 Virginia's 7th congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
