[Congressional Record Volume 172, Number 124 (Wednesday, July 29, 2026)]
[Senate]
[Page S4346]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 6713. Ms. HIRONO submitted an amendment intended to be proposed by 
her to the bill H.R. 5334, to amend the Internal Revenue Code of 1986 
to allow early childhood educators to take the educator expense 
deduction, and for other purposes; which was ordered to lie on the 
table; as follows:

        At the appropriate place, insert the following:

     SEC. ___. PROHIBITION ON PREDICTION MARKET PARTICIPATION BY 
                   CERTAIN EXECUTIVE BRANCH INDIVIDUALS.

       (a) Definitions.--In this section:
       (1) Cabinet official.--The term ``Cabinet official'' 
     means--
       (A) an individual serving in a position at level I of the 
     Executive Schedule under section 5312 of title 5, United 
     States Code; and
       (B) any other individual who occupies a position designated 
     by the President as a Cabinet-level position.
       (2) Covered individual.--
       (A) In general.--The term ``covered individual'' means--
       (i) the President;
       (ii) the Vice President;
       (iii) any Cabinet official; and
       (iv) any immediate family member of an individual described 
     in clause (i), (ii), or (iii).
       (B) Immediate family member.--For purposes of subparagraph 
     (A), the term ``immediate family member'' means a spouse, a 
     parent, or a child of an individual described in clause (i), 
     (ii), or (iii) of that subparagraph.
       (b) Prohibition.--No covered individual may enter into, or 
     offer to enter into, an agreement, contract, swap, or 
     transaction that provides for any purchase, sale, payment, or 
     delivery of an excluded commodity, as defined in section 1a 
     of the Commodity Exchange Act (7 U.S.C. 1a), that is 
     dependent on the occurrence, nonoccurrence, or the extent of 
     the occurrence of a specific event or contingency.
       (c) Enforcement.--
       (1) In general.--The Attorney General, or the attorney 
     general of any State, may bring a civil action seeking relief 
     for a violation of subsection (b) in an appropriate district 
     court of the United States.
       (2) Penalties.--Any covered individual who violates 
     subsection (b) shall be liable to the United States for--
       (A) a civil penalty that does not exceed $50,000 per 
     violation;
       (B) disgorgement of any profit from the violation to the 
     Treasury of the United States; or
       (C) both.
       (d) Rule of Construction.--Nothing in this section shall be 
     construed to apply to insurance for which the insured holds a 
     lawful insurable interest.
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