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".

Sponsor: Stephanie I. Bice (Republican-OK)April 3, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

Congress would block new rules for trading voluntary carbon credits.

This bill would stop new guidance from the Commodity Futures Trading Commission (CFTC) about voluntary carbon credit derivative contracts. If passed, the rules for how these specific financial products are listed and traded would not change as the CFTC intended. This affects the CFTC and companies involved in these contracts.

What Would Change

Today, the Commodity Futures Trading Commission's guidance on voluntary carbon credit derivative contracts is in effect or would soon be. If this bill passes, that guidance would be canceled and would not have any legal power. This means the rules for these contracts would not change as the CFTC intended.

Key Provisions

Blocks the Commodity Futures Trading Commission's new guidance on voluntary carbon credit derivative contracts.
Ensures the Commodity Futures Trading Commission's guidance, published on October 15, 2024, would have no legal power.

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HJRES 90 · 119th Congress · April 3, 2025 · AI Summary by gemini-2.5-flash · 10/10

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 Would Change

Key Provisions

Lobbying Activity