119th Congress · SENATE JOINT RESOLUTIONBILL

S.J.Res. 9 — 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".

“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".”

Finance and financial sector

Introduced Jan 30, 2025

Last action Jan 30, 2025

Pipeline · Bill → Law

Step 1

Introduced

Jan 30, 2025

Step 2

Referred

Jan 30, 2025

Agriculture, Nutrition, and Forestry

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This joint resolution nullifies the final guidance issued by the Commodity Futures Trading Commission (CFTC) titled Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts and published on October 15, 2024. The guidance provides factors for designated contract markets (i.e., CFTC-regulated derivatives exchanges) to consider when listing voluntary carbon credit derivative contracts, including characteristics of transparency and permanence.

Provisions · 1 sectionsIntroduced in Senate

Timeline · 2 actions

Jan 30, 2025

Introduced in Senate

Jan 30, 2025

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