Future of Water Act of 2024

Bill: 118-hr-8096
Sponsor: full_name: Rep. Khanna, Ro [D-CA-17]
Introduced: 2024-04-19
Policy area: Finance and Financial Sector
Latest action: action_date: 2024-09-03
text: Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 8096 IN THE HOUSE OF REPRESENTATIVES April 19, 2024 Mr. Khanna (for himself, Ms. Tlaib , Ms. Bush , Mr. Carson , Ms. Ocasio-Cortez , Ms. Adams , Ms. Omar , Mr. García of Illinois , Mrs. Watson Coleman , Ms. Schakowsky , Mrs. Ramirez , Ms. Lee of California , Ms. Norton , Mr. Bowman , Mrs. Hayes , and Mr. Pocan ) introduced the following bill; which was referred to the Committee on Agriculture 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 2024 . 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), .