Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, for a period to be subsequently determined by the Spe…
The resolution amends House Rule XXIII to bar Members, Delegates, the Resident Commissioner, House officers, and employees from entering into agreements, contracts, swaps, or transactions that depend on the occurrence (or nonoccurrence) of a specific event — effectively prohibiting participation in certain prediction markets tied to "excluded commodities" under the Commodity Exchange Act.
The rule exempts insurance where the insured holds a lawful insurable interest and lawful sports wagers (with a definition of sports wager).
The resolution also expresses the sense of the House that the executive and judicial branches should adopt similar restrictions.
Simple, internal ethics rule with low fiscal impact and limited controversy makes House adoption reasonably likely, though scheduling and debate could delay it.
Relative to its intended legislative type, this bill is a straightforward amendment to the House Rules that articulates a specific prohibition and integrates with an external statutory definition, but it provides limited operational detail. The text establishes what is prohibited and includes narrow exceptions, yet omits implementation mechanics, enforcement language, fiscal acknowledgement, and detailed boundary definitions that would support coherent administration and compliance.
Progressives emphasize corruption prevention and public trust gains
Progressives emphasize corruption prevention and public trust gains
Likely favorable: this persona will view the rule as a reasonable ethics safeguard reducing risk of insider advantage, manipulation, and conflicts of interest.
They will see the House taking proactive steps to limit private financial bets tied to official information.
Any remaining concerns would focus on ensuring enforcement and clarity.
Generally supportive but cautious: this persona will appreciate the ethics intent while wanting clearer definitions, narrow application, and practical enforcement arrangements.
They will weigh benefits to public trust against administrative burdens and possible overbreadth.
Skeptical: this persona will accept the goal of preventing corruption but worry about government overreach into private economic activity and ambiguous definitions that could chill lawful conduct.
They prefer narrowly targeted rules tied to misuse of nonpublic information.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Simple, internal ethics rule with low fiscal impact and limited controversy makes House adoption reasonably likely, though scheduling and debate could delay it.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize corruption prevention and public trust gains
Simple, internal ethics rule with low fiscal impact and limited controversy makes House adoption reasonably likely, though scheduling and d…
Relative to its intended legislative type, this bill is a straightforward amendment to the House Rules that articulates a specific prohibition and integrates with an external statutory definition, but it provides limite…
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