Legislation6 days ago
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To authorize implementation grants to community-based nonprofits to operate one-stop reentry centers.
HR8548Rep. Kamlager-Dove, Sydney [D-CA-37] (D-CA)
introduced
HJRES90119th CongressWALLET
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".
Sponsored By: Representative Bice
In Committee
Summary
Nullifies CFTC guidance on listing voluntary carbon credit derivative contracts. The resolution disapproves the final guidance identified at 89 Fed. Reg. 83378 (Oct. 15, 2024) under the Congressional Review Act and states that the guidance shall have no force or effect.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
End guidance for carbon-credit derivatives
This bill would cancel the Commodity Futures Trading Commission’s final guidance on listing voluntary carbon credit derivative contracts. The guidance is the notice at 89 Fed. Reg. 83378, published October 15, 2024. If enacted, that guidance would have no force or effect, so exchanges, brokers, and traders could not rely on it. This could loosen some regulatory expectations but raise legal and market uncertainty. The change would take effect upon enactment and would not alter other CFTC laws or rules.
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Sponsors & CoSponsors
Sponsor
Bice
OK • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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