Congress·In Committee·H.R. 10109

Wildfire Event Contract Prohibition Act

Banning Bets on Wildfires

Aug 17·View on Congress.gov·Read full text

Next up: A house committee

The Wildfire Event Contract Prohibition Act is in the early stages of the legislative process. It has not moved since August 17, 2026, and it must be reviewed by the House Committee on Agriculture and the House Committee on the Judiciary before it can proceed. Most bills do not receive a committee vote, so this proposal is currently stalled.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

While the bill addresses a clear public safety risk, it was introduced late in the session and has not yet gained broad bipartisan support or committee movement.

Key Points

This bill would stop people from betting on wildfires in financial markets. It bans any contracts or trades based on when a fire starts, how big it gets, or how much damage it causes. This includes trading on things like evacuation orders or the number of injuries caused by a fire.
Congress is concerned that these bets create a dangerous incentive for people to start fires or let them spread just to make money. It also aims to prevent people from using private government information about fire response to win bets. The goal is to make sure nobody profits from the destruction of homes and communities.
The plan also requires the Department of Justice to check if current laws are strong enough to catch people who try to cheat the system. They will look at whether they can prosecute people who start fires to win bets or use secret info. A report with suggestions for new laws would be due about seven months after the bill passes.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Aug 17, 2026House

Referred to the Committee on Agriculture, and in addition to the Committee on the Judiciary, 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.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Aug 17, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Wildfire Event Contract Prohibition Act

Bill NumberHR 10109

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the Committee on Agriculture, and in addition to the Committee on the Judiciary, 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.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Analysis generated by AI. Always verify with official sources.