No Bets on Wildfires Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 10951 Introduced in House (IH)]

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119th CONGRESS 2d Session H. R. 10951

To amend the Commodity Exchange Act to prohibit the listing of contracts relating to wildfires.

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IN THE HOUSE OF REPRESENTATIVES

October 29, 2026

Mr. Whitesides (for himself, Mr. Gallagher, Ms. Salinas, and Mr. Fong) introduced the following bill; which was referred to the Committee on Agriculture

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A BILL

To amend the Commodity Exchange Act to prohibit the listing of contracts relating to wildfires.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``No Bets on Wildfires Act''.

SEC. 2. PROHIBITION ON EVENT CONTRACTS ON WILDFIRES.

Section 5c of the Commodity Exchange Act (7 U.S.C. 7a-2) is amended by adding at the end the following: ``(d) Prohibition on Event Contracts Relating to Wildfires.--A registered entity shall not list for trading or accept for clearing on or through the registered entity any agreement, contract, transaction, or swap that involves a wildfire caused by whatever means.''. <all>