[Congressional Record Volume 172, Number 106 (Wednesday, June 24, 2026)]
[Senate]
[Page S3508]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 6378. Ms. CORTEZ MASTO submitted an amendment intended to be 
proposed by her to the bill S. 4784, to authorize appropriations for 
fiscal year 2027 for military activities of the Department of Defense, 
for military construction, and for defense activities of the Department 
of Energy, to prescribe military personnel strengths for such fiscal 
year, and for other purposes; which was ordered to lie on the table; as 
follows:

       At the end of subtitle G of title X, add the following:

     SEC. 1___. PROHIBITION ON FOREIGN ENTITIES ENTERING INTO 
                   EVENT CONTRACTS INVOLVING NATIONAL DEFENSE 
                   INFORMATION.

       Section 5c of the Commodity Exchange Act (7 U.S.C. 7a-2) is 
     amended by inserting after subsection (c) the following:
       ``(d) Prohibition on Foreign Entities Entering Into Event 
     Contracts Involving National Defense Information.--
       ``(1) Definitions.--In this subsection:
       ``(A) Covered entity.--The term `covered entity' means an 
     entity--
       ``(i) that makes available for clearing or trading any 
     covered event contract; and
       ``(ii) a majority of the ownership interest of which is 
     held by one or more non-United States persons.
       ``(B) Covered event contract.--The term `covered event 
     contract' means an agreement, contract, transaction, or swap 
     in an excluded commodity that is based upon an occurrence, 
     extent of an occurrence, or contingency (other than a change 
     in the price, rate, value, or levels of a commodity described 
     in section 1a(19)(i)) involving national defense information 
     described in section 793 of title 18, United States Code.
       ``(2) Requirement.--To be designated as a contract market 
     or registered as a swap execution facility under this Act, a 
     covered entity shall take such actions as are necessary to 
     ensure that the covered entity does not enter into or offer 
     to enter into any covered event contract with a United States 
     person.
       ``(3) Suspension or revocation of registration.--A covered 
     entity designated or registered as a contract market or swap 
     execution facility under this Act that knowingly violates 
     paragraph (2) shall be subject to suspension of registration 
     or revocation as a registered entity in accordance with 
     section 5e.''.
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