Wildfire Event Contract Prohibition Act

This bill would change the Commodity Exchange Act so that federally registered trading platforms could not list, trade, or clear contracts tied to wildfire events. Covered events include a wildfire's ignition, location, size, spread, containment, evacuations, injuries or deaths, and property damage. The bill states that it does not override state laws on gambling. It also requires the Attorney General, working with other federal agencies, to review existing federal laws on people who try to cause, exploit, or profit from wildfires through bets, and to report findings and any recommendations to Congress.

Full text and official record on Congress.gov

Sponsors

• Michael Baumgartner Republican sponsor
• 0 cosponsors