S.Amdt. 6378

SA 6378. Ms. CORTEZ MASTO submitted an amendment intended to be
proposed by her to the bill S. 4784, to authorize appropriations for
fiscal year 2027 for military activities of the Department of Defense,
for military construction, and for defense activities of the Department
of Energy, to prescribe military personnel strengths for such fiscal
year, and for other purposes; which was ordered to lie on the table; as
follows:

At the end of subtitle G of title X, add the following:

SEC. 1___. PROHIBITION ON FOREIGN ENTITIES ENTERING INTO
EVENT CONTRACTS INVOLVING NATIONAL DEFENSE
INFORMATION.

Section 5c of the Commodity Exchange Act (7 U.S.C. 7a-2) is
amended by inserting after subsection (c) the following:
``(d) Prohibition on Foreign Entities Entering Into Event
Contracts Involving National Defense Information.--
``(1) Definitions.--In this subsection:
``(A) Covered entity.--The term `covered entity' means an
entity--
``(i) that makes available for clearing or trading any
covered event contract; and
``(ii) a majority of the ownership interest of which is
held by one or more non-United States persons.
``(B) Covered event contract.--The term `covered event
contract' means an agreement, contract, transaction, or swap
in an excluded commodity that is based upon an occurrence,
extent of an occurrence, or contingency (other than a change
in the price, rate, value, or levels of a commodity described
in section 1a(19)(i)) involving national defense information
described in section 793 of title 18, United States Code.
``(2) Requirement.--To be designated as a contract market
or registered as a swap execution facility under this Act, a
covered entity shall take such actions as are necessary to
ensure that the covered entity does not enter into or offer
to enter into any covered event contract with a United States
person.
``(3) Suspension or revocation of registration.--A covered
entity designated or registered as a contract market or swap
execution facility under this Act that knowingly violates
paragraph (2) shall be subject to suspension of registration
or revocation as a registered entity in accordance with
section 5e.''.
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