Amending the Rules of the House of Representatives to prohibit Members of the House from entering into certain agreements, contracts, or transactions with respect to prediction markets.
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.
Summary
The resolution changes the House Rules to forbid any Representative, delegate, resident commissioner, officer or employee from entering into agreements that depend on the outcome of a specific event, i.e., prediction markets. It excludes ordinary insurance where the holder has a lawful insurable interest. The measure also urges the executive and judicial branches to adopt comparable limits.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HRES 1263 changes status, plus AI-powered summaries and stage predictions.
Sign up free