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".

Bill: 119-sjres-9
Sponsor: full_name: Sen. Kennedy, John [R-LA]
Introduced: 2025-01-30
Policy area: Finance and Financial Sector
Latest action: action_date: 2025-01-30
text: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Summaries:
action_date: 2025-01-30
action_desc: Introduced in Senate
text: <p>This joint resolution nullifies the final guidance issued by the Commodity Futures Trading Commission (CFTC) titled <em>Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts</em> 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.&nbsp;</p>

tv_txt: IIA 119th CONGRESS 1st Session S. J. RES. 9 IN THE SENATE OF THE UNITED STATES January 30, 2025 Mr. Kennedy (for himself and Mr. Sheehy ) introduced the following joint resolution; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry 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 .

That Congress disapproves the final guidance submitted by the Commodity Futures Trading Commission relating to Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts (89 Fed. Reg. 83378 (October 15, 2024)) and such rule shall have no force or effect.