H.R. 7942

DEATH BETS Act

Sponsor: Mike Levin

2 cosponsors

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Introduced Mar 16
Committee Now
House of Representatives —
Senate —
Law —

Introduced Mar 16
Committee Now
House of Representatives —
Senate —
Law —

Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development. (Apr 3)

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Text of the bill

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Sec. 1. Short title

Sec. 2. Prohibition on listing of contracts relating to war, death, and similar activities

Section 5c of the Commodity Exchange Act (7 U.S.C. 7a–2) is amended by inserting after subsection (c) the following:

Text this section adds to the law

(d) Prohibition on listing of contracts relating to war, death, and similar activities. A registered entity shall not list for trading or accept for clearing on or through the registered entity any of the following:

(1) An agreement, contract, transaction, or swap based on an excluded commodity (as defined in section 1a(19)(iv)) that involves, relates to, or references terrorism, assassination, war, or any similar activity, as determined by the Commission.

(2) An agreement, contract, transaction, or swap based on an excluded commodity (as defined in section 1a(19)(iv)) that involves, relates to, or references an individual’s death or could otherwise be construed as correlating closely to an individual’s death.