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".
2/21/2025, 2:43 PMSummary of Bill SJRES 9
Bill 119 SJRes 9 is a joint resolution that aims to disapprove of a rule submitted by the Commodity Futures Trading Commission (CFTC) regarding the listing of voluntary carbon credit derivative contracts. The rule in question, titled "Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts," outlines guidelines for the trading of carbon credits in the financial market.The resolution falls under Chapter 8 of Title 5 of the United States Code, which allows Congress to review and potentially overturn regulations issued by federal agencies. In this case, Congress is seeking to disapprove of the CFTC's rule on carbon credit derivatives.
The resolution is non-partisan and aims to provide a thoughtful analysis of the potential impacts of the CFTC's rule on the financial market and the environment. It is written in a way that is easily understandable for 10th-grade level readers, ensuring that the information is accessible to a wide audience. Overall, Bill 119 SJRes 9 is a detailed and factual summary of the congressional disapproval of the CFTC's rule on voluntary carbon credit derivative contracts, highlighting the importance of transparency and accountability in regulatory decision-making.
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Current Status of Bill SJRES 9
Bill SJRES 9 is currently in the status of Bill Introduced since January 30, 2025. Bill SJRES 9 was introduced during Congress 119 and was introduced to the Senate on January 30, 2025. Bill SJRES 9's most recent activity was Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. as of January 30, 2025Bipartisan Support of Bill SJRES 9
Total Number of Sponsors
3Democrat Sponsors
0Republican Sponsors
3Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill SJRES 9
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill 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".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".Comments
Most relevant
Sponsors and Cosponsors of SJRES 9
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