H.J.Res. 90 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Agriculture, Apr 3, 2025
What this bill does
In plain words · AI-written from the official summaryBlocks CFTC guidance on carbon credit trading
This joint resolution would overturn guidance the Commodity Futures Trading Commission (the federal agency that regulates futures contracts and derivatives markets) issued in October 2024. That guidance told regulated exchanges what to think about when listing contracts that let people buy and sell voluntary carbon credits—essentially, financial instruments tied to companies' voluntary efforts to offset carbon emissions. The resolution would nullify those guidelines.
How it affects you
If this passes, it would mainly affect financial traders and exchanges that deal in carbon credit contracts. Most everyday people wouldn't feel a direct effect, since they don't typically trade these financial instruments. The official summary doesn't explain how this change would ripple out to consumers or other groups.
Read the official summary (Introduced in House, Apr 3, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH.J.Res. 90
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".
Sponsor: Rep. Stephanie I. Bice (R-OK-5) · Introduced Apr 3, 2025 · Finance and Financial Sector · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Apr 18, 2025: “Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.”