SJRES 9 United States Senate · 119th Congress

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".

This joint resolution (SJRES 9) seeks congressional disapproval of a Commodity Futures Trading Commission (CFTC) rule issued in October 2024. The rule provided guidance for listing "voluntary carbon credit derivative contracts" on exchanges, which would have governed how these carbon credit trading contracts could be traded. If passed, the resolution would block this guidance from taking effect, meaning the CFTC's rule would have no legal force. This action directly affects the CFTC and market participants involved in carbon credit derivative contracts, preventing the new regulatory framework from being implemented.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
President
Introduced Jan 30, 2025 Last action Jan 30, 2025
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2
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1
Jan 30, 2025
Committee
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
upper
Jan 30, 2025
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor

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