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>