Bill > HJRes90

This resolution aims to formally reject a rule proposed by the Commodity Futures Trading Commission (CFTC), a federal regulatory agency that oversees derivatives markets, specifically targeting guidance about voluntary carbon credit derivative contracts. The resolution, using congressional powers under Chapter 8 of Title 5 of the United States Code, declares that the CFTC's guidance document published in the Federal Register on October 15, 2024, will be nullified and will have no legal standing or enforcement power. By passing this resolution, Congress is effectively blocking the implementation of the CFTC's proposed guidance regarding how voluntary carbon credit derivatives can be listed and traded, which suggests potential disagreement with the regulatory approach or specific details of the proposed guidance.

Agriculture and Natural Resources, Business and Industry

https://www.congress.gov/bill/119th-congress/house-joint-resolution/90/all-info