A joint resolution 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 CongressSJRES-9Senate
Updated: Jan 30, 2025

Summary

This joint resolution proposes to use the Congressional Review Act to nullify a recent guidance from the Commodity Futures Trading Commission (CFTC). The targeted guidance, issued on October 15, 2024, pertains to the listing of voluntary carbon credit derivative contracts . If passed by Congress and signed into law, the CFTC's "Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts" would be rendered without force or effect. This action would prevent the guidance from being implemented or enforced, effectively reversing the agency's directive on this matter.

Bill texts

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Introduced (Senate)View official text

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Timeline

  1. Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

    Senate

  2. Introduced in Senate

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