Congressman Tom Barrett co-sponsored the bipartisan PREDICT Act to prevent government officials from profiting off insider information.
Quiver AI Summary
Congressman Barrett co-sponsors new bipartisan bill: Congressman Tom Barrett (MI-07) recently co-sponsored the PREDICT Act, designed to prevent senior government officials from participating in prediction markets. This legislation is intended to curb potential exploitation of insider information by those in positions of power.
Statement on prediction markets: Barrett stated, “The PREDICT Act gets ahead of this rapidly developing problem by banning high-ranking government officials from betting on these under-regulated platforms." He emphasized the importance of restoring public trust in government.
Legislative details: The proposed bill prohibits major federal officials, including members of Congress and the president, from trading based on political events and government actions. This initiative follows reports of misconduct in prediction markets and aims to address growing concerns over their influence.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
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Tom Barrett Fundraising
Tom Barrett recently disclosed $933.7K of fundraising in a Q1 FEC disclosure filed on April 15th, 2026. This was the 84th most from all Q1 reports we have seen this year. 71.8% came from individual donors.
Barrett disclosed $626.6K of spending. This was the 128th most from all Q1 reports we have seen from politicians so far this year.
Barrett disclosed $2.8M of cash on hand at the end of the filing period. This was the 154th most from all Q1 reports we have seen this year.
You can see the disclosure here, or track Tom Barrett's fundraising on Quiver Quantitative.
Tom Barrett Net Worth
Quiver Quantitative estimates that Tom Barrett is worth $425.9K, as of May 4th, 2026. This is the 406th highest net worth in Congress, per our live estimates.
Barrett has approximately $59.9K invested in publicly traded assets which Quiver is able to track live.
You can track Tom Barrett's net worth on Quiver Quantitative's politician page for Barrett.
Tom Barrett Bill Proposals
Here are some bills which have recently been proposed by Tom Barrett:
- H.R.8436: Cold War Military Force Repeal Act
- H.R.8435: War Powers Priority Procedures Modernization Act
- H.R.8434: Prevent Endless Wars Act
- H.R.8072: Safety in Shared Skies Act of 2026
- H.R.7861: Care Over Profits Act of 2026
- H.R.7860: Stop ACA Enrollment Fraud Act of 2026
You can track bills proposed by Tom Barrett on Quiver Quantitative's politician page for Barrett.
2026 Michigan's 7th Congressional District Election
There has been approximately $62,448,978 of spending in Michigan's 7th congressional district elections over the last two years, per our estimates.
Approximately $44,089,090 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- HMP ($15,842,498)
- CONGRESSIONAL LEADERSHIP FUND ($10,324,478)
- DCCC ($5,504,330)
- NRCC ($4,761,823)
- AMERICANS FOR PROSPERITY ACTION, INC. (AFP ACTION) DBA CVA ACTION AND DBA LIBRE ACTION ($1,898,483)
The rating for this race is currently "Toss Up".
You can track this election on our matchup page for the 2026 Michigan's 7th congressional district election.
