DEATH BETS Act
Bill Summary
Bans financial institutions from offering products that allow investors to bet on people's deaths, specifically life settlement contracts. Requires regulators to enforce this ban.
Sponsored By
Bill Journey
- Mar 16, 2026
- Mar 16, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects life insurance policyholders and investors in life settlements, by restricting their ability to sell or bet on life insurance policies. It also impacts financial institutions that offer these products, by prohibiting them from doing so.
Impact Areas
Support & Opposition
- Democratic2
Documents
1
Full text opens on congress.gov, the official source.
Cosponsors (1)
Bill Details
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.