PRIA Logo™
HR8771119th CongressWALLET

Campaign Event Contract Integrity Act

Sponsored By: Representative Torres, Ritchie [D-NY-15]

In Committee

Summary

Would prohibit campaign insiders from trading political event contracts using material nonpublic campaign information (MNPCI). The bill would also require trading platforms to detect, disclose, and report suspicious PEC trades tied to campaigns.

Show full summary
  • Covered campaign-affiliated individuals would be barred from trading political event contracts while possessing MNPCI and from tipping others. The bill also outlaws trading on behalf of insiders to evade the rule.
  • Covered platforms would have to adopt policies, monitoring, recordkeeping, and reporting systems to detect prohibited PEC trading, and require large traders to disclose campaign ties or possession of MNPCI. The Commodity Futures Trading Commission would write implementing rules within 180 days of enactment.
  • The Commodity Futures Trading Commission would gain civil enforcement authority to investigate and sue for violations, seek penalties up to $250,000 or three times the profit gained, obtain disgorgement, and impose temporary or permanent PEC trading bans. The CFTC could refer potential criminal wrongdoing to the Attorney General.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

5 provisions identified: 1 benefits, 2 costs, 2 mixed.

CFTC fines and enforcement powers

If enacted, the bill would require the CFTC to write implementing rules within 180 days and to investigate and sue over violations. Violators could face civil penalties equal to the greater of $250,000 or three times the profit gained or loss avoided, disgorgement of profits, and temporary or permanent bans on trading political event contracts. The CFTC could also refer evidence of criminal wrongdoing to the Attorney General.

Ban on insider trading and tipping

If enacted, the bill would bar covered campaign-affiliated individuals from trading political event contracts while knowingly holding material nonpublic campaign information. It would also ban those individuals from disclosing such information when it is reasonably foreseeable the information could be used to trade. The bill would prohibit others from knowingly trading on behalf of a covered campaign-affiliated individual to evade these rules.

Who counts as campaign insiders

If enacted, the bill would define who counts as a covered campaign-affiliated individual. That list would include candidates, authorized and party committees, campaign staff, consultants, pollsters, data analysts, fundraisers, vendors, contractors, volunteers with access to confidential information, and immediate family acting on behalf. The bill would also define material nonpublic campaign information and what political event contracts are covered.

Safe harbors and legal limits

If enacted, the bill would make clear that lawful political analysis, journalism, academic research, and trading based only on public information would not be prohibited. It would also say the bill does not change the CFTC's existing authority or replace other federal securities, campaign finance, fraud, ethics, or anti-corruption laws. These are legal clarifications and protections, not new taxes or benefits.

Platform rules and trader disclosures

If enacted, covered trading platforms that handle political event contracts would have to set up policies, controls, monitoring, and recordkeeping to detect and prevent prohibited trading. Platforms would need to watch for concentrated or coordinated trades tied to campaigns and report suspicious activity to the CFTC. Platforms must require traders above CFTC thresholds to disclose if they work for or are paid by a campaign or possess material nonpublic campaign information. The CFTC would issue rules to implement these requirements within 180 days.

Sponsors & CoSponsors

Sponsor

Torres, Ritchie [D-NY-15]

NY • D

Cosponsors

  • Rep. Moulton, Seth [D-MA-6]

    MA • D

    Sponsored 5/12/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation