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".
Commodity Markets, Digital Assets, and Rural Development Subcommittee, Agriculture Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
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.
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".
USA119th CongressHJRES-90| House
| Updated: 4/18/2025
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.