We have received text from H.R. 10951: No Bets on Wildfires Act. This bill was received on 2026-10-29, and currently has 3 cosponsors.
Here is a short summary of the bill:
This bill would amend federal commodities law to stop regulated trading platforms from offering certain financial contracts tied to wildfires.
What it would do
- It adds a new rule under the Commodity Exchange Act saying that a registered entity cannot list, trade, or clear any agreement, contract, transaction, or swap that involves a wildfire.
- The ban applies to wildfire-related contracts “caused by whatever means,” meaning it would cover wildfires regardless of how they start.
- In practical terms, this would prevent regulated derivatives markets from offering products that let people bet on or hedge wildfire-related outcomes.
Plain-English effect
The bill would make it illegal for certain federally regulated trading venues to offer financial instruments whose value depends on wildfires. These kinds of contracts can sometimes be used to manage risk, but they can also function like bets on whether a wildfire will happen or how severe it will be.
What it would not do
- It would not directly ban all wildfire-related financial activity in the broader economy.
- It would not prohibit insurers, property owners, or others from responding to wildfire risk in other ways outside of these regulated trading contracts.
- It would only apply to contracts offered through entities covered by the Commodity Exchange Act and this section’s requirements.
Relevant Companies
None found
Representative George Whitesides Bill Proposals
Here are some bills which have recently been proposed by Representative George Whitesides:
- H.R.10951: No Bets on Wildfires Act
- H.R.10907: Stop Harassment and Intimidations in Elections through Legal Defenses (SHIELD) Our Elections Act
- H.R.10854: Public Safety Power Shutoff Data Transparency Act
- H.R.10750: Advanced Nuclear Fission and Fusion Propulsion Systems Act
- H.R.10719: Protecting Kids from Human-Like Chatbots Act
- H.R.10350: Protecting Elders from Wire Fraud Act
You can track bills proposed by Representative George Whitesides on Quiver Quantitative's politician page for Whitesides.
Representative George Whitesides Net Worth
Quiver Quantitative estimates that Representative George Whitesides is worth $36.1M, as of November 10th, 2026. This is the 39th highest net worth in Congress, per our live estimates.
Whitesides has approximately $10.2M invested in publicly traded assets which Quiver is able to track live.
You can track Representative George Whitesides's net worth on Quiver Quantitative's politician page for Whitesides.
Representative George Whitesides Stock Trading
We have data on up to $5.5M of trades from Representative George Whitesides, which we parsed from STOCK Act filings. Some of the largest trades include:
- A March 24th, 2025 sale of up to $500K of $MSFT. The stock has risen 38.69% since then.
- A March 25th, 2025 sale of up to $500K of $INVA. The stock has risen 9.32% since then.
- A March 24th, 2025 sale of up to $250K of $MMC. The stock has fallen 22.13% since then.
- A March 24th, 2025 sale of up to $250K of $RCL. The stock has risen 49.5% since then.
- A March 24th, 2025 sale of up to $250K of $KO. The stock has risen 39.27% since then.
You can track Representative George Whitesides's stock trading on Quiver Quantitative's politician page for Whitesides.
2026 California's 27th Congressional District Election
There has been approximately $7,481,937 of spending in California's 27th congressional district elections over the last two years, per our estimates.
Approximately $627,500 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- PROTECT PROGRESS ($476,254)
- HMP ($113,154)
- WORKER POWER PAC ($17,621)
- VOTE PLANNED PARENTHOOD NORTHERN CALIFORNIA, A PROJECT OF PLANNED PARENTHOOD NORTHERN CA ACTION FUND ($15,231)
- FORWARD BLUE ($2,901)
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 California's 27th congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
