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".
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
Congressional Research Service
Official summary
Version 00 · 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.
Source last updated: Apr 17, 2026. Consult Congress.gov for the current record.
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PlainBill explanation
Read the proposal in plain language
AI-generated · Source-checked by AI · Oct 20, 2026
Based on the full Introduced in House · 2025-04-03 text. This explanation has not received human editorial review. This overview describes the proposal’s major provisions; it does not establish what its real-world effects would be.
What it would do
This resolution would remove the legal effect of Commodity Futures Trading Commission guidance about listing financial contracts tied to voluntary carbon credits for trading. It concerns the guidance governing those listings; the supplied text does not itself prohibit trading those contracts.
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That Congress disapproves the final guidance submitted by the Commodity Futures Trading Commission relating to “Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts” (89 Fed. Reg. 83378 (October 15, 2024)) and such rule shall have no force or effect.
The proposed disapproval specifically targets the final guidance published on October 15, 2024, at page 83378 of volume 89 of the Federal Register. If enacted, the resolution would make that guidance have no force or effect.
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“Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts” (89 Fed. Reg. 83378 (October 15, 2024)) and such rule shall have no force or effect.
The supplied source snapshot, updated April 17, 2026, records introduction and referral to the House Committee on Agriculture on April 3, 2025, followed by referral to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development on April 18, 2025.
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Source snapshot updated 2026-04-17T20:44:40Z.
2025-04-18: Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
2025-04-03: Referred to the House Committee on Agriculture.
2025-04-03: Introduced in House
Reviewed version: Introduced in House · 2025-04-03. These findings describe provisions and who may benefit; they are not judgments of waste, corruption, or motive.
This review covers the supplied bill text. “None identified” does not rule out provisions in later versions or accompanying reports and disclosures.
Provisions outside the bill’s main subject, or policy changes attached to appropriations.
None identified in the reviewed text
No unrelated provision or policy change attached to appropriations was identified in the complete supplied introduced text. This conclusion does not cover other versions or accompanying materials.
Spending directed to particular recipients or places outside ordinary competitive or formula-based allocation.
None identified in the reviewed text
No congressionally directed spending for particular recipients or places was identified in the complete supplied introduced text. This conclusion does not cover other versions or accompanying materials.
Other targeted benefits
Narrow exceptions, exemptions, or preferential treatment that warrant a closer look.
None identified in the reviewed text
No materially narrow carve-out, special exemption, or preferential treatment was identified in the complete supplied introduced text. This conclusion does not cover other versions or accompanying materials.
What this analysis cannot establish
The underlying guidance is not supplied. Its specific requirements, affected market participants, and the practical consequences of removing its legal effect cannot be determined from this resolution alone.
The supplied action snapshot does not establish passage or enactment. Its lack of later actions does not prove that the resolution never advanced or became law.
The introduced text specifies no separate implementation date, enforcement process, or termination condition.
No earmark disclosures, committee reports, or conference materials are supplied; formal earmark status beyond the text cannot be assessed.
Full text preserved for this analysis. Legislative record snapshot: Apr 17, 2026. How PlainBill uses AI