Bill would ban trading contracts about wildfires.
H.R. 10951 — To amend the Commodity Exchange Act to prohibit the listing of contracts relating to wildfires. · Filed by George Whitesides (D-CA) · 3 cosponsors · Introduced Oct 29, 2026 · Referred to committee
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What it does
This bill would change the Commodity Exchange Act. It would stop people from buying and selling futures contracts tied to wildfires. These contracts would be banned from big trading markets.
Who it affects
Fire insurers, farmers, and power companies that manage wildfire risk could be affected. People who buy fire insurance or pay power bills might feel the effects too.
One thing to notice
The bill bans wildfire contracts from big markets. It does not say what happens to wildfire trading in other places.
From the analysis of the bill text, linked under Primary records below.
Where it stands
3 cosponsors: 2 Republicans, 1 Democrats.
- Oct 29, 2026 — Introduced · Congress.gov: “Introduced in House”
- Oct 29, 2026 — Referred to House Committee on Agriculture · Congress.gov: “Referred to the House Committee on Agriculture”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- Commodity Exchange Act — A federal law that sets rules for trading contracts on big markets.
- futures contracts — Deals to buy or sell something at a set price on a future date.
How this was measured
Analysis — Quorum's AI read the full bill text on Oct 31, 2026; transparency and hidden-provision scores are compared against the median of 16,927 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-11-02.
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