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".
HJRES 90 is a congressional resolution seeking to block a Commodity Futures Trading Commission (CFTC) rule about carbon credit derivatives. It targets the CFTC’s October 2024 guidance allowing voluntary carbon credit derivative contracts to be listed on exchanges. The resolution uses a specific legal process (Chapter 8 of Title 5, U.S. Code) to formally disapprove this guidance, meaning the rule would be canceled and have no legal effect. This directly affects how carbon credit derivatives could be traded in financial markets, preventing the CFTC’s guidance from taking effect.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
President
Introduced Apr 3, 2025
Last action Apr 18, 2025
Floor votes
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No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Apr 18, 2025
Committee
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
lower
Apr 3, 2025
Committee
Referred to the House Committee on Agriculture.
lower
Apr 3, 2025
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Stephanie I. Bice
RRepublican
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