H.R. 10951

No Bets on Wildfires Act

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I

119th CONGRESS

2d Session

H. R. 10951

IN THE HOUSE OF REPRESENTATIVES

October 29, 2026

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

A BILL

To amend the Commodity Exchange Act to prohibit the listing of contracts relating to wildfires.

1.

Short title

This Act may be cited as the No Bets on Wildfires Act.

2.

Prohibition on event contracts on wildfires

Section 5c of the Commodity Exchange Act (7 U.S.C. 7a–2) is amended by adding at the end the following:

(d)

Prohibition on event contracts relating to wildfires

A registered entity shall not list for trading or accept for clearing on or through the registered entity any agreement, contract, transaction, or swap that involves a wildfire caused by whatever means.

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