This bill would cancel CFTC guidance for voluntary carbon credit derivative contracts. It would remove the named guidance without creating a new rule to replace it.
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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". is a House bill in committee. The latest recorded action: Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
Latest action on H.J.Res. 90: Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
Who this affects: This bill mainly affects exchanges, traders, and firms that deal in voluntary carbon credit derivative contracts. It also affects the CFTC because it would remove one of the agency’s tools for guiding this market. Companies and investors that use carbon credits could feel the effects if market rules become clearer, looser, or less certain after the guidance is canceled.
Why this matters: This matters because carbon credit trading is still developing, and CFTC guidance can shape how these products grow. Canceling the guidance could give exchanges more room to act. It could also leave less direction on fraud risks, weak credits, and greenwashing, which means making climate claims that sound stronger than they are. The final effect would depend on what the CFTC, exchanges, and market users do next.
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