,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #hiab  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ai1 #bjbf,mr4  
,torres of ,new ,york introduced the    
following bill2 which was referred to   
the ,committee on ,house ,administration
  ,a ,,bill  ,to prohibit the use of    
campaign funds for prediction-market    
transactions1 and for other purposes4   
#a4 ,short title  ,this ,act may be     
cited as the ,campaign ,funds ,integrity
 ,act of #bjbf4  #b4 ,prohibition on use
 of campaign funds for certain financial
 transactions  7a7 ,in general ,section 
#cbd of the ,federal ,election ,campaign
 ,act of #aiga 7#eb ,u4,s4,c4 #cjabf7 is
 amended to read as follows3  #cbd4     
,prohibition on use of campaign funds   
for certain speculative financial       
transactions  7a7 ,prohibition ,a       
candidate1 authorized committee1 or     
other political committee shall not use 
campaign funds to participate in any    
prediction market or event contract1    
including any contract or instrument    

whose value is derived from the outcome 
of an election1 legislative action1     
regulatory decision1 or other political 
or economic event4  7b7 ,enforcement and
 penalties  7#a7 ,in general ,any       
violation of this section shall be      
considered pursuant to the enforcement  
procedures under section #cji1 including
 with respect to the civil penalties    
authorized under such section4  7#b7    
,knowing and willful violations ,any    
person who knowingly and willfully      
commits a violation of this section     
shall be subject to criminal penalties  
under section #cji7;d71 which may       
include fines under title #ah1 ,united  
,states ,code1 imprisonment of not more 
than #e years1 or both4  7c7 ,referral  
to ,department of ,justice ,the ,federal
 ,election ,commission may refer        
apparent knowing and willful violations 
to the ,u4,s4 ,department of ,justice   
for criminal prosecution in accordance  
with section #cji7;a77#e77;,c74  7d7    
,regulations ,the ,federal ,election    

,commission shall promulgate regulations
 to carry out this section1 including   
guidance on permissible financial       
instruments and compliance requirements4
  7e7 ,rule of construction ,nothing in 
this section shall be construed to      
prohibit the use of campaign funds for--
 7#a7 deposits in insured depository    
institutions2  7#b7 investments in      
diversified mutual funds or             
exchange-traded funds2 or  7#c7 other   
low-risk financial instruments as may be
 permitted by the ,commission4  7f7     
,definitions ,for purposes of this      
section3 7#a7 ,the term campaign funds  
means contributions or donations        
received by a candidate1 authorized     
committee1 or other political committee 
subject to this ,act4  7#b7 ,the term   
prediction market or event contract     
means any agreement1 contract1          
transaction1 or instrument that provides
 for payment based on the outcome of a  
future event1 including political1      
economic1 or regulatory events4  4  7b7 

,effective date ,this section and the   
amendment made by this section shall    
take effect on the date that is #abj    
days after the date of the enactment of 
this ,act4