Review of existing authorities relating to wildfire event trading

(a) Review Not later than 180 days after the date of enactment of this Act, the Attorney General, in consultation with the Chairman of the Commodity Futures Trading Commission, the Secretary of Agriculture, the Secretary of the Interior, and the heads of such other Federal agencies as the Attorney General determines appropriate, shall conduct a review of existing Federal criminal and civil authorities relating to conduct undertaken for the purpose of influencing, exploiting, or profiting from a wildfire event through an event contract or other wager. (b) Matters included The review under subsection (a) shall include an assessment of— (1) Federal criminal and civil authorities applicable to an individual who intentionally causes, attempts to cause, or conspires with another person to cause a wildfire for the purpose of influencing the outcome of, or profiting from, an event contract or other wager; (2) Federal criminal and civil authorities applicable to an individual who trades on the basis of material nonpublic information relating to a wildfire event, including information regarding ignition, fire behavior, incident response, evacuation, or containment; (3) the applicability of Federal conspiracy, aiding-and-abetting, fraud, market-manipulation, money-laundering, forfeiture, and illegal gambling authorities to conduct described in paragraphs (1) and (2); (4) the ability of Federal agencies to investigate and pursue conduct involving offshore prediction-market platforms, digital assets, or other cross-border means of placing or facilitating wagers on wildfire events; (5) barriers to coordination among the Department of Justice, the Commodity Futures Trading Commission, Federal land-management agencies, State and local law enforcement agencies, and wildfire incident-management personnel; and (6) whether additional legislation, including enhanced penalties, forfeiture authorities, reporting requirements, or information-sharing authorities, is necessary to deter and prosecute such conduct. (c) Report Not later than 30 days after completing the review required under subsection (a), the Attorney General shall submit to the Committee on the Judiciary and the Committee on Agriculture of the House of Representatives and the Committee on the Judiciary and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report describing the findings of the review and any legislative recommendations.