Important information: To clarify, any legislation enacted after Issuance and prior to the Expiration Date that provides full-year FY2026 discretionary appropriations for one or more DHS components satisfies the Payout Criterion.

The bill must pass the full chamber (not just committee) for House or Senate passage. For "become law" markets, the bill must be signed by the President or become law through veto override. Presidential pocket vetoes that expire resolve to No. Joint resolutions are treated as bills. Treaties require two-thirds Senate approval for passage. The market resolves based on the first occurrence of the specified milestone.