PREDICT Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8076 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8076 To amend chapter 131 of title 5, United States Code, to prohibit covered individuals from trading on prediction markets, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 25, 2026 Ms. Budzinski (for herself, Mr. Smith of Nebraska, and Mr. Magaziner) introduced the following bill; which was referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To amend chapter 131 of title 5, United States Code, to prohibit covered individuals from trading on prediction markets, and for other purposes. 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 ``Preventing Real-time Exploitation and Deceptive Insider Congressional Trading Act'' or the ``PREDICT Act''. SEC. 2. RESTRICTIONS ON TRADING ON PREDICTION MARKETS. (a) Restrictions.--Chapter 131 of title 5, United States Code, is amended by adding at the end a new subchapter: ``SUBCHAPTER IV--RESTRICTIONS ON TRADING ON PREDICTION MARKETS ``Sec. 13151. Definitions ``In this subchapter: ``(1) Covered individual.--The term `covered individual' means any of the following: ``(A) A Member of Congress as defined in section 13101 of this title. ``(B) A dependent child as defined in such section 13101 or a spouse of a Member of Congress. ``(C) An individual or entity with fiduciary duties and the authority to enter into or offer to enter into an agreement, contrac