[Congressional Record Volume 172, Number 113 (Monday, July 13, 2026)]
[Senate]
[Page S3797]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 6605. Mr. McCORMICK submitted an amendment intended to be proposed 
by him 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___. SECRETARY OF DEFENSE CONSULTATION REGARDING 
                   PREDICTION MARKETS.

       (a) In General.--Not later than 180 days after the date of 
     enactment of this Act, the Secretary of Defense shall consult 
     with the Commodity Futures Trading Commission regarding the 
     proposed rule of the Commission entitled ``Prediction 
     Markets; Public Interest Determinations'' (91 Fed. Reg. 35806 
     (June 12, 2026)), or a subsequent final rulemaking, in 
     relation to the following factors:
       (1) The factors to define war, terrorism, and 
     assassination.
       (2) The factors in determining whether event contracts 
     involve war, terrorism, or assassination.
       (3) The factors that raise public interest concerns.
       (b) Report.--Not later than 270 days after the date of 
     enactment of this Act, the Secretary of Defense shall, in 
     coordination with the Commodity Futures Trading Commission, 
     submit to the Committee on Agriculture, Nutrition, and 
     Forestry of the Senate, the Committee on Agriculture of the 
     House of Representatives, and Committees on Armed Services of 
     the Senate and the House of Representatives a report on the 
     consultation under subsection (a).
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