CONGRESS FOR VOTERS

Dina Titus (D-NV)

Amending the Rules of the House of Representatives to prohibit Members, officers, and employees of the House of Representatives from participating in prediction markets in certain cases, and for other purposes.

H.Res. 1248 · House resolution Congress

A Democratic resolution with 1 Republican cosponsor · See all 28 cosponsors

Last activity — 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 Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

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

A House resolution is the House speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the House agrees to it, it is officially the House's word; it is not a law, so the Senate and the President have no part in it.

What this bill would do

This resolution seeks to amend the Rules of the House of Representatives. It aims to prohibit Members, Delegates, Resident Commissioners, officers, and employees from participating in certain prediction markets. Specifically, it bars these individuals from entering into agreements or transactions involving excluded commodities that depend on the occurrence of specific events. The rule does not apply to insurance with a lawful insurable interest or lawful sports wagers. Additionally, the resolution expresses a sense that the executive and judicial branches should consider similar restrictions.

Yes

  • Scored +3

    Does this make what the government does easier for the public to see?

    The bill increases transparency and integrity by preventing House members and staff from profiting from event-based prediction markets.

The opposite

  • Scored -2

    Would people with substantial wealth be better off under this?

    The bill limits the ability of high-earning government officials to engage in specific types of speculative financial transactions.