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SJRES 9 · in committee · niche

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".

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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".

What this bill does

  • This resolution cancels CFTC guidance from October 2024 about trading contracts based on voluntary carbon credits.
  • Designated futures exchanges and traders affected by the canceled guidance on carbon credit derivative contracts.
  • Takes effect immediately upon passage; no spending required.

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Community Threads

Started by Cosponsor

  1. 01

    How would canceling CFTC guidance on carbon credit derivatives affect the ability of companies and investors to hedge climate-related financial risks?

  2. 02

    What evidence supports the CFTC's October 2024 guidance as either necessary market regulation or an unnecessary burden on futures exchanges and traders?

  3. 03

    If this resolution passes, what happens to carbon credit derivative contracts already established under the canceled guidance?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-LA

John Kennedy

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Introduced 2025-01-30

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Legislative timeline

  1. 2025-01-30 · senate · IntroReferral

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

  2. 2025-01-30 · IntroReferral

    Introduced in Senate

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