Future of Water Act of 2022

Bill: 117-s-3886
Sponsor: full_name: Sen. Warren, Elizabeth [D-MA]
Introduced: 2022-03-21
Policy area: Finance and Financial Sector
Latest action: action_date: 2022-03-21
text: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Summaries:
action_date: 2022-03-21
action_desc: Introduced in Senate
text: <p><strong>Future of Water Act of 2022 </strong></p> <p>This bill prohibits the trading of futures contracts in water or water rights. A futures contract is an agreement to buy or sell a commodity or financial instrument at a set price at a specific time.</p>

tv_txt: II 117th CONGRESS 2d Session S. 3886 IN THE SENATE OF THE UNITED STATES March 21, 2022 Ms. Warren (for herself, Mr. Merkley , Mr. Whitehouse , Mr. Markey , and Mr. Sanders ) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry A BILL To amend the Commodity Exchange Act to prohibit trading of water and water rights for future delivery, and for other purposes.

1. Short title This Act may be cited as the Future of Water Act of 2022 . 2. Prohibition of trading in water and water rights for future delivery (a) Commodity Exchange Act Section 1a(9) of the Commodity Exchange Act ( 7 U.S.C. 1a(9) ) is amended— (1) by striking ( 7 U.S.C. 13–1 )) and and inserting ( 7 U.S.C. 13–1 )), ; (2) by inserting water or water rights (or any index, measure, value, or data related to water or water rights), and after receipts), and ; and (3) by striking receipts) in which and inserting receipts, and water or water rights, or any index, measure, value, or data related to water or water rights) in which . (b) Public Law 85–839 The first section of Public Law 85–839 ( 7 U.S.C. 13–1 ) is amended in the first sentence of subsection (a)— (1) by inserting water or water rights (or any index, measure, value, or data related to water or water rights), after sale of ; and (2) by striking receipts) and inserting receipts), .