Contact Congress about H.R. 8076: PREDICT Act

Top federal officials could not trade on markets that pay out based on political events. Anyone who breaks the rule would pay a penalty, give up any profits, and have the fine posted online.

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PREDICT Act is a House bill in committee. The latest recorded action: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Latest action on H.R. 8076: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Who this affects: This bill mainly affects high-level federal officials and people who handle their money. They would have to stay out of political prediction markets while serving in government. It could also affect prediction market platforms if covered officials or their advisers use those services.

Why this matters: The bill matters because top officials can have inside knowledge or influence over political events. This bill tries to keep them from making personal money from those events. It also makes penalties public, which could help people see whether ethics rules are being enforced. The bill does not say how often this problem happens now.

Key provisions in H.R. 8076

• The bill covers many top federal officials and their close family. This includes members of Congress, spouses and dependent children, senior congressional and executive employees above GS-15, military officers at O-7 or above, political appointees, federal judges, and judicial employees.
• The bill also covers people or businesses that manage trades for covered officials. This includes fiduciaries, meaning people with a legal duty to handle someone else's money or assets.
• Covered people could not make or offer political prediction market trades while serving in government. The ban applies when payment depends on whether a specific political event happens, does not happen, or happens to some degree.
• Each supervising ethics office must explain unclear terms in the new rule. That guidance is meant to help agencies apply the rule in the same way.
• A person who breaks the rule must pay a fee. The fee equals 10% of the value of the banned deal, contract, or trade.

How Modern Action helps you take action on H.R. 8076

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 8076

What is H.R. 8076?

Top federal officials could not trade on markets that pay out based on political events. Anyone who breaks the rule would pay a penalty, give up any profits, and have the fine posted online.

How do I support or oppose H.R. 8076?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 8076?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.R. 8076 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.