HB10951: No Bets on Wildfires Act

What the bill says

To amend the Commodity Exchange Act to prohibit the listing of contracts relating to wildfires.

From the introduced text, October 29, 2026:

A BILL To amend the Commodity Exchange Act to prohibit the listing of contracts relating to wildfires. SECTION 1. Short title This Act may be cited as the No Bets on Wildfires Act . SECTION 2. Prohibition on event contracts on wildfires Section 5c of the Commodity Exchange Act ( 7 U.S.C. 7a-2 ) is amended by adding at the end the following: (d) Prohibition on event contracts relating to wildfires A registered entity shall not list for trading or accept for clearing on or through the registered entity any agreement, contract, transaction, or swap that involves a wildfire caused by whatever means. .

Read the full official text

Sponsors

• George Whitesides (D) · primary sponsor
• Gallagher, James (R)
• Andrea Salinas (D)
• Vince Fong (R)

Latest actions

1. October 29, 2026: Referred to the House Committee on Agriculture.
2. October 29, 2026: Introduced in House

Common questions

What is HB10951?

HB10951 is a bill in Congress (119th Congress): No Bets on Wildfires Act.

What does HB10951 do?

In its own words: To amend the Commodity Exchange Act to prohibit the listing of contracts relating to wildfires.

What is the status of HB10951?

In committee as of October 29, 2026. Latest action: Referred to the House Committee on Agriculture. (October 29, 2026).

Who sponsored HB10951?

George Whitesides (D), with 3 co-sponsors.

Where is the official record for HB10951?

On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10951