Ban Gambling on Elections Act of 2024

Bill: 118-s-5100
Sponsor: full_name: Sen. Merkley, Jeff [D-OR]
Introduced: 2024-09-18
Policy area: Government Operations and Politics
Latest action: action_date: 2024-09-18
text: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 5100 IN THE SENATE OF THE UNITED STATES September 18, 2024 Mr. Merkley (for himself, Mr. Van Hollen , and Mr. Whitehouse ) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry A BILL To amend the Commodity Exchange Act to prohibit political election or contest agreements, contracts, transactions, and swaps.

1. Short title This Act may be cited as the Ban Gambling on Elections Act of 2024 . 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. .