CONGRESS FOR VOTERS

Mike Levin (D-CA)

DEATH BETS Act

H.R. 7942 · House bill Finance and Financial Sector

A Democratic bill with 1 Republican cosponsor · See all 2 cosponsors

Last activity — Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "DEATH BETS Act," proposes an amendment to the Commodity Exchange Act. It seeks to prohibit registered entities from listing or clearing certain types of contracts. Specifically, it targets agreements or swaps related to terrorism, assassination, war, or similar activities. It also prohibits contracts that involve or reference an individual's death. The goal is to stop trading based on these sensitive and harmful topics.

Yes

  • Scored +5

    Does this give people more protection from unfair business practices?

    The bill protects consumers and market participants by prohibiting exploitative contracts based on death and tragedy.

  • Scored +3

    Would business owners be better off under this?

    The bill reduces the availability of certain speculative financial instruments for trading entities.

  • Scored +2

    Does this put more money into stopping terrorism?

    The bill restricts financial markets from profiting off of terrorism through contract listings.

The opposite

No question was scored the opposite.