Ban Gambling on Elections Act of 2024

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10505 Introduced in House (IH)]

<DOC>






118th CONGRESS
  2d Session
                               H. R. 10505

 To amend the Commodity Exchange Act to prohibit political election or 
        contest agreements, contracts, transactions, and swaps.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 18, 2024

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

_______________________________________________________________________

                                 A BILL


 
 To amend the Commodity Exchange Act to prohibit political election or 
        contest agreements, contracts, transactions, and swaps.

    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 ``Ban Gambling on Elections Act of 
2024''.

SEC. 2. PROHIBITION ON POLITICAL ELECTION OR CONTEST AGREEMENTS, 
              CONTRACTS, TRANSACTIONS, AND SWAPS.

    Section 5c(c)(5) of the Commodity Exchange Act (7 U.S.C. 7a-
2(c)(5)) is amended by adding at the end the following:
                    ``(D) Prohibition relating to political elections 
                or contests.--Notwithstanding any other provision of 
                this section, no agreement, contract, transaction, or 
                swap involving any political election or contest (or 
                any index, measure, value, or data related thereto, or 
                occurrence, extent of an occurrence, or contingency 
                based thereon) may be listed or made available for 
                clearing or trading on or through a registered 
                entity.''.
                                 <all>