Wildfire Event Contract Prohibition Act

It is the sense of Congress that—

(1) wildfire event contracts create an improper financial incentive to profit from the ignition, spread, duration, and destructive effects of a wildfire;

(2) such contracts may undermine public confidence in emergency-response decisions and create opportunities to exploit material nonpublic information concerning wildfire conditions, incident operations, evacuation orders, or containment activities;

(3) federally regulated markets should not facilitate gambling on the destruction of homes, businesses, natural resources, or communities; and

(4) nothing in this Act or an amendment made by this Act preempts a State law that regulates or prohibits gambling or gaming.