Disclosure now runs on the executive's clock, and no law forces its hand.

U.S. disclosure on unidentified anomalous phenomena is now run by the executive branch, on a schedule it sets for itself, with no statute compelling release. The defense bill most likely to carry a legal forcing function, the FY2027 National Defense Authorization Act, reached the House floor on 29 June carrying no UAP records provision in its text and no UAP amendment we could identify in the material available this cycle. Disclosure instead flows through the Pentagon's PURSUE portal, published when the administration chooses. That apparatus sits on top of an intelligence office that changes hands today, as Director of National Intelligence Tulsi Gabbard's resignation takes effect. The timing and content of any market-moving release therefore rest with an actor under no deadline, which leaves event timing unhedgeable against a fixed calendar and raises headline risk for exposed counterparties.