Bill · S.J.Res. 9· Senate(119-SJRES-9)
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".
- Introduced
- 1/30/2025
- Last activity
- 1/30/2025 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Sponsored by
- John Kennedy
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This joint resolution seeks to overturn a specific rule from the Commodity Futures Trading Commission. The rule in question involves guidance regarding the listing of voluntary carbon credit derivative contracts. If passed, this resolution would provide for congressional disapproval of that guidance. As a result of this disapproval, the rule would have no force or effect.
Yes
Would business owners be better off under this?+2
The reversal of regulatory guidance reduces potential oversight and administrative barriers for businesses in the carbon market.
Does this make it easier to run a small business?+2
The resolution removes regulatory guidance that could have increased compliance burdens for businesses trading carbon credit derivatives.
The opposite
Does this cut the pollution that drives climate change?-2
By nullifying guidance on carbon credit derivatives, the bill may reduce the development of financial instruments used to fund carbon reduction efforts.
Does this give the federal government more power?-2
The resolution uses congressional oversight to limit the regulatory reach of a federal agency.
Who it would affect, and how
Potential Positive Impacts for People
- Nullification of the Rule: The resolution states that the specific guidance submitted by the Commodity Futures Trading Commission shall have no force or effect. This would prevent the implementation of the guidance regarding the listing of voluntary carbon credit derivative contracts.
Potential Negative Impacts for People
- Removal of Guidance: By providing for congressional disapproval, the resolution ensures that the "Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts" will not be in effect.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+2
- Economy And Finance
- Improves Small Business Support+2
- Environment Energy And Infrastructure
- Reduces Carbon Emissions-2
- Governance And Ideology
- Increases Federal Power-2
- 1/30/2025
- Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Tim SheehyRepublican · Montana