Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Commodity Futures Trading Commission relating to "Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts".
United States119th CongressHJRES-90House of Representatives
Updated: Apr 18, 2025
Summary
This joint resolution aims to exercise congressional disapproval, under the authority of the Congressional Review Act, over a specific rule issued by the Commodity Futures Trading Commission (CFTC). The targeted rule is the "Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts" , which was published in the Federal Register on October 15, 2024. If passed by both chambers of Congress and signed into law, this resolution would effectively nullify the CFTC's guidance. Consequently, the guidance would be prevented from having any legal force or effect, thereby reversing the Commission's action concerning voluntary carbon credit derivative contracts.
Bill texts
All available records shown.
Timeline
Referred to the House Committee on Agriculture.
House of Representatives
Introduced in House
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
House of Representatives
All available records shown.