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Congressional Daily Record
This section is about changes proposed to a bill or resolution. It mentions members such as Mazie Hirono.
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July 29, 2026
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Download official Senate Record PDFReturn to issue contextSA 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.