SJRES 9 119th Congress Senate In Committee

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".

Latest action: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. · Jan 30, 2025

View full text on Congress.gov ↗ Policy area: Finance and Financial Sector

Legislative 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.

Source: Congressional Research Service (CRS).

Sponsor
Sen. Kennedy, John [R-LA]
Independent · LA
Cosponsors (1)
Sen. Sheehy

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