If this joint resolution passes, it would erase recent federal guidance that helps regulate voluntary carbon credit derivatives — financial contracts tied to carbon offset projects. The Commodity Futures Trading Commission's 2024 guidance gave markets clearer rules for listing these contracts. Cancelling it removes those guardrails, which could affect businesses trading carbon credits, environmental investors, and the integrity of voluntary climate markets.
Environmental Concerns
- CFTC guidance on voluntary carbon-credit derivative listings — Nullified under the Congressional Review Act
- Federal oversight framework for climate-market integrity — Standards for listing voluntary carbon-credit contracts removed
Corporate Benefits
- CFTC compliance overhead for carbon-derivative listings — Listing-standards guidance removed for exchanges and trading firms
Transparency & Accountability
- CFTC authority to set listing standards for voluntary carbon-credit derivatives — Barred from reissuing a substantially similar rule
Congressional Summary
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.
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Introduced in House
- Action Date
- 2025-04-03
- Date Added
- 2026-04-19
- Source
- Congress.gov →
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