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Proposed Ban on Foreign-Owned Platforms Trading National Defense Information Contracts

Original title: Text of Senate Amendment 6378

June 24, 2026

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Finance Connection

Notable money activity
$2,500across 2 reported contributions
Trace money trail →
CandidateDonorAmountIndustryDate
CATHERINE CORTEZ MASTO FOR SENATEJONES, ROBERT$1,500LIFE INSURANCEMar 2026
CATHERINE CORTEZ MASTO FOR SENATETHOMAS, LAUREN$1,000CEOMar 2026

Reported financial relationships and timing signals. This does not prove motive or influence. Readers draw their own conclusions.

The Frame

What this does

If enacted, this amendment would require foreign-owned swap execution facilities and s to stop offering event contracts tied to national defense information to U.S. persons, or face potential suspension or revocation of their registration.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Foreign-owned swap execution facilities

These entities would be prohibited from offering specific event contracts involving national defense information to U.S. persons.

U.S. persons

These individuals or entities would be restricted from entering into event contracts involving national defense information with foreign-owned platforms.

What changed

Last recorded activity June 24, 2026.

What's next

Next step not available in the current record.

Background

  • Catherine Cortez Masto is a U.S. Senator representing Nevada. context
  • S. 4784 is the National Defense Authorization Act for Fiscal Year 2027, which sets policy and funding levels for the Department of Defense. context

Summary

Senator Catherine Cortez Masto has introduced an amendment to the annual defense authorization bill that would prohibit foreign-owned financial platforms from offering contracts based on national defense information. The proposal aims to restrict the ability of foreign entities to trade on events involving sensitive U.S. defense data.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What kind of contracts would be banned under this amendment?
The amendment bans 'covered event contracts,' which are financial agreements based on events involving national defense information, if offered by a foreign-owned platform to a U.S. person.
Who is considered a 'covered entity' under this proposal?
A covered entity is any platform that clears or trades event contracts where a majority of the ownership interest is held by non-United States persons.

Why It Matters

If enacted, this amendment would require foreign-owned swap execution facilities and s to stop offering event contracts tied to national defense information to U.S. persons, or face potential suspension or revocation of their registration.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Expansion of Defense Oversight into Financial Markets

The amendment represents an effort to use financial regulatory statutes (Commodity Exchange Act) to enforce national security protections regarding defense information.

Connected Entities

organizationGovernment Publishing OfficePublisher of the Congressional Record.Map →
personCatherine Cortez MastoU.S. Senator who submitted the amendment.Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance65
    How much this matters to a regular citizen
  • Controversy40
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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