Latest action: Referred to the House Committee on House Administration.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Bans members of Congress from trading in prediction markets about political events.
The problem
Congress members may trade on prediction markets using non-public information about legislative decisions, creating conflicts of interest and potential insider trading concerns.
The proposal
Prohibits U.S. Representatives and Senators from participating in any prediction market that wagers on political, electoral, or legislative outcomes.
The impact
Congress members lose ability to trade prediction markets. Prediction market operators may face restrictions. Public confidence in Congress integrity could improve.
Congress members have access to private information about upcoming votes and bills before the public. This ban stops them from profiting unfairly using that secret information, similar to insider trading rules in regular stock markets.
Members might make legislative decisions based on how those choices would affect their prediction market bets instead of what's best for constituents. This ban removes that temptation.
Citizens may have more confidence that Congress members are acting in the public interest rather than for personal financial gain. This can strengthen faith in government institutions.
Regular Americans cannot trade on non-public government information. This ban puts Congress members on the same rules as everyone else.
Some argue Congress members should have the same investment rights as other Americans. This ban restricts their ability to participate in legal financial markets.
Congress members could trade through family members, friends, or hidden accounts. Enforcement would require constant monitoring and investigation.
Prediction markets for Congress are small. The actual amount of money involved may be too small to create serious conflicts of interest in practice.
Prediction markets work best when people with expertise participate. Excluding Congress members might make these markets less accurate for forecasting political events.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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HR 10204
Legislative Branch Agencies Clarification Act
Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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