Text of Senate Amendment 6605

On 2026-07-13, Senator David McCormick (R-PA) delivered a floor speech titled "Text Of Senate Amendment 6605" in the Senate.

Text of Senate Amendment 6605

Congressional Record, Volume 172 Issue 113 (Monday, July 13, 2026) [Congressional Record Volume 172, Number 113 (Monday, July 13, 2026)] [Senate] [Page S3797] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 6605. Mr. McCORMICK submitted an amendment intended to be proposed by him to the bill S. 4784, to authorize appropriations for fiscal year 2027 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows: At the end of subtitle G of title X, add the following: SEC. 1___. SECRETARY OF DEFENSE CONSULTATION REGARDING PREDICTION MARKETS. (a) In General.--Not later than 180 days after the date of enactment of this Act, the Secretary of Defense shall consult with the Commodity Futures Trading Commission regarding the proposed rule of the Commission entitled ``Prediction Markets; Public Interest Determinations'' (91 Fed. Reg. 35806 (June 12, 2026)), or a subsequent final rulemaking, in relation to the following factors: (1) The factors to define war, terrorism, and assassination. (2) The factors in determining whether event contracts involve war, terrorism, or assassination. (3) The factors that raise public interest concerns. (b) Report.--Not later than 270 days after the date of enactment of this Act, the Secretary of Defense shall, in coordination with the Commodity Futures Trading Commission, submit to the Committee on Agriculture, Nutrition, and Forestry of the Senate, the Committee on Agriculture of the House of Representatives, and Committees on Armed Services of the Senate and the House of Representatives a report on the consultation under subsection (a). ______