The stringent constitutional requirements for repealing the 22nd Amendment—two-thirds approval in both houses of Congress plus ratification by three-fourths of the states—drive the overwhelming trader consensus against any change to presidential term limits in 2026. No bills advancing such a repeal have been introduced or advanced in the current congressional session, and neither the administration nor Republican leadership has prioritized or publicly endorsed the measure. With focus instead on appropriations, confirmations, and midterm preparations, the absence of legislative momentum or state-level support reflects the high procedural barriers and historical precedent of unsuccessful amendment efforts. Late-breaking developments could still alter trajectories, yet current pricing aligns with the structural and political realities that have kept term-limit changes off the agenda.