,i #aai? ,,congress #b;d ,session ,h4 ,r4 #hgga ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #ab1 #bjbf,mr4 ,torres ( ,new ,york 7= himself & ,mr4 ,m\lton7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,agriculture ,a ,,bill ,to prohibit c]ta9 campaign-affiliat$ individuals f trad+ political ev5t contracts :ile 9 possession ( mat]ial nonpublic campaign in=mation1 to require cov]$ pr$iction m>ket plat=ms to ma9ta9 safegu>ds aga9/ insid] trad+ & m>ket manipulation1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,campaign ,ev5t ,contract ,integrity ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,cov]$ campaign-affiliat$ individual ,! t]m cov]$ campaign-affiliat$ individual means any individual :o1 directly or indirectly1 receives comp5sation f1 acts on behalf (1 or provides s]vices to-- 7,a7 a c&idate = ,f$]al (fice2 7,b7 an au?oriz$ committee ( a c&idate = ,f$]al (fice2 7,c7 a political committee2 7,d7 a political p>ty committee2 7,e7 a lead]%ip ,,pac2 or 7,f7 any entity or organization sub/antially engag$ 9 campaign-relat$ activity1 includ+ any employee1 consultant1 advisor1 poll/]1 data analy/1 /rategi/1 m$ia consultant1 fundrais]1 v5dor1 contractor1 volunte] ) access to confid5tial in=mation1 or any imm$iate family memb] act+ on behalf ( su* individual4 7#b7 ,cov]$ plat=m ,! t]m cov]$ plat=m means any regi/]$ entity1 designat$ contract m>ket1 swap execution facility1 brok]1 int]m$i>y1 or o!r plat=m t facilitates trad+ 9 political ev5t contracts4 7#c7 ,mat]ial nonpublic campaign in=mation ,! t]m mat]ial nonpublic campaign in=mation means confid5tial in=mation unavailable to ! g5]al public t a reasonable p]son w\ld consid] important 9 decid+ :e!r to pur*ase1 sell1 or trade a political ev5t contract1 includ+-- 7,a7 int]nal poll+2 7,b7 turn\t projections2 7,c7 vot] t>get+ data2 7,d7 fundrais+ in=mation2 7,e7 campaign adv]tis+ /rategy2 7,f7 opposition rese>*2 7,g7 int]nal campaign analytics2 7,h7 unreleas$ endorsem5t in=mation2 7,i7 c&idate )drawal or susp5sion plans2 or 7,j7 any o!r confid5tial campaign in=mation designat$ by rule ( ! ,commodity ,futures ,trad+ ,commission4 7#d7 ,political ev5t contract ,! t]m political ev5t contract means any agreem5t1 transaction1 swap1 option1 contract1 d]ivative1 or ev5t contract t all[s a p]son to pur*ase1 sell1 trade1 or o!rwise obta9 f9ancial exposure bas$ on ! outcome (-- 7,a7 a ,f$]al election2 7,b7 a prim>y election2 7,c7 a caucus2 7,d7 ! nom9ation ( a c&idate2 7,e7 control ( ,congress2 7,f7 ! approval or rejection ( legislation2 or 7,g7 any o!r political or gov]nm5tal ev5t designat$ by ! ,commodity ,futures ,trad+ ,commission4 #c4 ,trad+ by campaign-affiliat$ individuals 7a7 ,conduct dur+ campaign affiliation ,no cov]$ campaign-affiliat$ individual may1 directly or indirectly1 pur*ase1 sell1 trade1 or o!rwise transact 9 a political ev5t contract :ile kn[+ly 9 possession ( mat]ial nonpublic campaign in=mation4 7b7 ,tipp+ prohibition ,no cov]$ campaign-affiliat$ individual may communicate1 provide1 or disclose mat]ial nonpublic campaign in=mation to ano!r p]son :5 x is reasonably =eseeable t su* in=mation may be us$ to trade a political ev5t contract4 7c7 ,evasion prohibition ,no p]son may kn[+ly trade political ev5t contracts on behalf (1 at ! direction (1 or = ! b5efit ( a cov]$ campaign-affiliat$ individual = ! purpose ( evad+ ?is ,act4 #d4 ,plat=m safegu>ds & compliance requirem5ts 7a7 ,9 g5]al ,ea* cov]$ plat=m %all e/abli% & ma9ta9 reasonable policies1 proc$ures1 & controls reasonably design$ to-- 7#a7 detect & prev5t trad+ prohibit$ "u ?is ,act2 7#b7 id5tify suspici\s trad+ activity involv+ campaign-affiliat$ individuals2 7#c7 monitor conc5trat$ or coord9at$ trad+ activity connect$ to campaigns1 political committees1 or affiliat$ entities2 7#d7 ma9ta9 records suffici5t to assi/ 9 ! detection & inve/igation ( violations ( ?is ,act2 & 7#e7 report suspici\s activity to ! ,commodity ,futures ,trad+ ,commission1 z appropriate4 7b7 ,campaign affiliation disclosure ,a cov]$ plat=m %all require any trad] engag+ 9 political ev5t contract trad+ above ?re%olds e/abli%$ by ! ,commodity ,futures ,trad+ ,commission to disclose :e!r su* trad]-- 7#a7 is employ$ by1 comp5sat$ by1 or affiliat$ ) a ,f$]al campaign1 political committee1 or political p>ty committee2 or 7#b7 possesses access to mat]ial nonpublic campaign in=mation4 7c7 ,rulemak+ ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,commodity ,futures ,trad+ ,commission %all promulgate rules implem5t+ ?is section4 #e4 ,en=cem5t 7a7 ,au?ority ,! ,commodity ,futures ,trad+ ,commission may inve/igate pot5tial violations ( ?is ,act & br+ civil en=cem5t actions 9 an appropriate ,unit$ ,/ates di/rict c\rt4 7b7 ,civil p5alties ,any p]son :o violates ?is ,act %all be subject to-- 7#a7 a civil p5alty n to exce$ ! great] (-- 7,a7 #bej1jjj2 or 7,b7 ?ree times ! pr(it ga9$ or loss avoid$ z a result ( ! violation2 7#b7 disgorgem5t ( pr(its obta9$ ?r\gh prohibit$ trad+ activity2 & 7#c7 tempor>y or p]man5t trad+ bans relat+ to political ev5t contracts4 7c7 ,ref]ral au?ority ,! ,commodity ,futures ,trad+ ,commission may ref] evid5ce ( willful misconduct1 fraud1 conspiracy1 false /atem5ts1 or o!r crim9al violations to ! ,attorney ,g5]al4 #f4 ,safe h>bor ,no?+ 9 ?is ,act %all be con/ru$ to prohibit-- 7#a7 lawful political analysis bas$ exclusively on publicly available in=mation2 7#b7 j\rnalism1 academic rese>*1 or public comm5t>y2 7#c7 trad+ activity by p]sons )\t access to mat]ial nonpublic campaign in=mation2 or 7#d7 ! lawful op]ation ( political ev5t contracts o!rwise p]mitt$ "u ,f$]al law4 #g4 ,rule ( con/ruction ,no?+ 9 ?is ,act %all be con/ru$ to-- 7#a7 alt]1 limit1 exp&1 or o!rwise affect ! au?ority ( ! ,commodity ,futures ,trad+ ,commission "u ! ,commodity ,ex*ange ,act2 7#b7 modify1 sup]s$e1 or preempt any exi/+ ,f$]al securities1 commodities1 campaign f9ance1 fraud1 e?ics1 or anti-corruption laws2 7#c7 prohibit or au?orize ! prohibition ( political ev5t contracts o!rwise p]mitt$ "u ,f$]al law2 or 7#d7 limit ! au?ority ( any ,f$]al ag5cy to inve/igate1 en=ce1 or prosecute conduct o!rwise prohibit$ "u ,f$]al law4