We have received text from S. 4775: Stopping Harmful and Outrageous Torts Act. This bill was received on 2026-06-11, and currently has 15 cosponsors.

Here is a short summary of the bill:

This bill would expand and clarify legal protections for firearms manufacturers, sellers, and related trade groups under the Protection of Lawful Commerce in Arms Act.

What it would change

• Would require courts to dismiss certain pending lawsuits immediately if they are considered “qualified civil liability actions” under the law.
• Would broaden and define key terms such as:
  • who counts as being “engaged in the business” of selling firearms or related products,
  • what counts as a “qualified product,” which includes firearms, ammunition, parts, accessories, magazines, clips, and optical devices,
  • who counts as a “seller,” including importers, dealers, ammunition sellers, and businesses selling other covered firearm-related products, as well as their owners and employees.
• Would define “proximate cause” more narrowly to mean that the plaintiff was directly injured by the defendant’s unlawful conduct.
• Would say that many lawsuits connected to the criminal or unlawful misuse, alteration, or modification of a firearm or related product are barred , including claims based on tort, contract, statutes, or other legal theories.
• Would keep some exceptions to immunity , including:
  • claims against a person convicted of unlawful firearm transfer in certain circumstances,
  • claims for negligent entrustment or negligence per se,
  • claims where a manufacturer or seller knowingly violated certain federal firearm, tax, export, or similar state laws and that violation directly caused the harm,
  • claims for breach of contract or warranty,
  • claims for death, injury, or property damage caused directly by a product defect when the product was being used lawfully or in a reasonably foreseeable way,
  • civil actions by the Attorney General to enforce federal firearm or tax laws.
• Would limit lawsuits brought by foreign governments against firearms manufacturers, sellers, or trade associations for harm linked to criminal misuse or alteration of qualified products.
• Would set special court procedures for these cases:
  • defendants could move cases from state court to federal court,
  • plaintiffs would have to plead detailed facts to fit within an exception,
  • defendants could take immediate appeals if dismissal is denied,
  • successful defendants would be entitled to attorney’s fees and court costs.
• Would preempt state and local laws that impose liability on covered manufacturers, sellers, or trade associations in ways the bill covers.

Relevant Companies

• SWBI — Smith & Wesson Brands; could be directly affected by expanded liability protections for firearm manufacturers.
• RGR — Sturm, Ruger & Company; could be directly affected by changes to lawsuits involving firearms and related products.
• VSTO — Vista Outdoor; could be affected through its ammunition and outdoor products businesses, including liability rules for ammunition and accessories.
• OLN — Olin Corporation; could be affected through ammunition-related operations and legal exposure tied to covered products.

Senator John Cornyn Bill Proposals

Here are some bills which have recently been proposed by Senator John Cornyn:

• S.4827: A bill to reauthorize a program for preventing outages and enhancing the resilience of the electric grid, and for other purposes.
• S.4826: A bill to amend the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act to authorize the use of amounts in the Ukraine Support Fund for purchases by the Government of Ukraine of defense articles and services to respond to and recover from the consequences of the aggression of the Russian Federation.
• S.4797: A bill to require States to consider legal issues affecting youth as part of case planning and to provide States with the option to use funds from the John H. Chafee Foster Care Program for successful Transition to Adulthood to support access to legal services and counseling.
• S.4775: A bill to amend the Protection of Lawful Commerce in Arms Act to clarify liability protections for firearms and associated manufacturers and retailers, and for other purposes.
• S.4768: A bill to provide for a requirement for networked autonomous kinetic capability against small unmanned aircraft systems.
• S.4766: A bill to require the Secretary of Defense to establish a pilot program to evaluate the safety, quality, and qualification pathways of printable energetic feedstocks for controlled additive manufacturing applications.

You can track bills proposed by Senator John Cornyn on Quiver Quantitative's politician page for Cornyn.

Senator John Cornyn Net Worth

Quiver Quantitative estimates that Senator John Cornyn is worth $1.5M, as of June 24th, 2026. This is the 292nd highest net worth in Congress, per our live estimates.

Cornyn has approximately $0 invested in publicly traded assets which Quiver is able to track live.

You can track Senator John Cornyn's net worth on Quiver Quantitative's politician page for Cornyn.

Senator John Cornyn Stock Trading

We have data on up to $100.0K of trades from Senator John Cornyn, which we parsed from STOCK Act filings. Some of the largest trades include:

• A August 21st, 2015 purchase of up to $50K of $AAPL. The stock has risen 1013.09% since then.

You can track Senator John Cornyn's stock trading on Quiver Quantitative's politician page for Cornyn.

2026 Texas US Senate Election

There has been approximately $398,679,741 of spending in Texas US Senate elections over the last two years, per our estimates.

Approximately $176,629,218 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:

• TRUTH AND COURAGE PAC ($51,554,756)
• TEXANS FOR A CONSERVATIVE MAJORITY ($39,261,764)
• WINSENATE ($22,926,043)
• WIN IT BACK PAC ($18,396,704)
• LONE STAR RISING PAC ($8,561,665)

The rating for this race is currently "Lean R".

You can track this election on our matchup page for the 2026 Texas US Senate election.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

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