HB10732: No Betting on Your Own Race Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend title 52, United States Code, to prohibit candidates for Federal office from trading in contracts on the outcome of their own elections, and for other purposes.
Plain-language summary
This bill would prohibit federal election candidates from trading in contracts that bet on their own race outcome. The bill amends federal election law to prevent candidates from profiting through financial speculation on whether they will win or lose. It applies to people running for Congress, the presidency, and other federal offices. The bill is currently in the introductory stage and has not yet been assigned to a for debate.
AI-generated summary
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HB10732: No Betting on Your Own Race Act