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HR7955-119

In Committee

BETS OFF Act

119th Congress Introduced Mar 17, 2026

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, BETS OFF Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Agriculture, Labor.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H531E79EB03124087AB9AF1FF08D40854: 1. Short title This Act may be cited as the Banning Event Trading on Sensitive Operations and Federal Functions Act or the BETS OFF Act.
  • Section HADFF4BD4DCAE4C31BB432C4F11E1BFFE: 2. Definitions In this Act: The term specified event means— an act of terrorism; an assassination; a war; or any event— the primary underlying characteristic...
  • Section HC80BBFBDD58D4353B867562E50DB75DC: 3. Prohibited conduct It shall be unlawful for any person to place, accept, or facilitate the placement or acceptance of a wager regarding a specified event....
  • Section H3803BCFE1630439EAF6C2AE5CA588895: 4. Amendments Section 1952(b) of title 18, United States Code, is amended by inserting (including conduct prohibited by section 3(a) of the Banning Event...
  • Section HF806323887B748B6915DE08D3000051B: 5. Severability If any provision of this Act or amendment made by this Act, or the application of such provision or amendment to any person or circumstance, is...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, BETS OFF Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Agriculture, Labor

Primary Purpose

This bill, BETS OFF Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Agriculture Labor

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
financial institutions, investors, and borrowers: ,
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: ,
financial institutions, investors, and borrowers: ,

Sponsors

Greg Casar

Greg Casar

D-TX | Primary Sponsor

7 cosponsors

Legislative Progress

In Committee
Introduced Committee Passed
Mar 17, 2026

Referred to the Committee on the Judiciary, and in addition …

Mar 17, 2026

Introduced in House

Mar 17, 2026

Mr. Casar (for himself, Mr. Amo, Ms. Ansari, and Ms. …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Agriculture Labor
Actor Mappings
"federal_implementing_agencies"
→ Federal agencies assigned duties by the bill

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology