Bill · H.R. 10109· House(119-HR-10109)
Wildfire Event Contract Prohibition Act
- Introduced
- 8/17/2026
- Last activity
- 8/17/2026 — 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.
- Sponsored by
- Michael Baumgartner
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "Wildfire Event Contract Prohibition Act," aims to amend the Commodity Exchange Act. It seeks to prohibit any contracts, transactions, or swaps involving wildfire events from being traded through registered entities. The prohibition covers various wildfire aspects such as ignition, spread, and property damage. Additionally, the Act mandates a federal review of existing authorities to address those profiting from or influencing wildfire events. The Attorney General will lead this review in consultation with several federal agencies.
Yes· 3 of 9
Does this better protect air, water and wildlife?+5
The bill indirectly supports environmental stability by removing financial incentives that could encourage wildfire-related activities.
Would people in rural areas be better off under this?+5
Rural residents, often on the front lines of wildfires, are protected from market-driven incentives that could exacerbate disaster impacts.
Does this give people more protection from unfair business practices?+5
The bill protects consumers by prohibiting the gambling on destructive wildfire events and preventing exploitation of nonpublic information.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Prevention of improper financial incentives: The bill aims to stop the creation of financial incentives that profit from the ignition, spread, and destructive effects of wildfires (Section 3).
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Protection of public confidence: By prohibiting these contracts, the bill seeks to prevent the undermining of public confidence in emergency-response decisions (Section 3).
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Reduction of information exploitation: The Act targets the potential for people to exploit nonpublic information regarding wildfire conditions, evacuation orders, or containment activities (Section 3).
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Prevention of gambling on destruction: The bill intends to ensure that regulated markets do not facilitate gambling on the destruction of homes, businesses, natural resources, or communities (Section 3).
Potential Negative Impacts for People
- No specific negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Environment Energy And Infrastructure
- Improves Environmental Protections+5Improves Disaster Relief And F E M A+4Improves Public Land Management+4
- Demographic And Interest Groups
- Good For Rural Residents+5Good For Low Income Households+3Good For Middle Class Households+3
- Governance And Ideology
- Improves Government Transparency+4Increases Federal Power+3
- Economy And Finance
- Improves Consumer Protection+5
- 8/17/2026
- 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.
- Introduced in House