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".
Summary
What This Bill Does
H.J.Res.90 is a Congressional Review Act disapproval resolution. It targets the Commodity Futures Trading Commission rule relating to guidance on listing voluntary carbon credit derivative contracts and provides that the rule shall have no force or effect. The targeted guidance addresses CFTC expectations for voluntary carbon credit derivative contracts listed on derivatives exchanges. The practical result is not a new replacement rule; it is a congressional veto of the agency action, which can also restrict the agency from issuing a substantially similar rule without new statutory authority.
Who Benefits and How
Carbon credit derivatives exchanges benefit because disapproval would remove or prevent the regulatory obligations created by the rule. Members of Congress opposing the rule benefit because the CRA provides a direct vehicle to nullify the agency action. Regulated parties benefit from clearer congressional opposition to the rule and less near-term implementation risk. Carbon project developers benefit if disapproval avoids exchange-listing expectations tied to credit quality and delivery integrity.
Who Bears the Burden and How
Commodity Futures Trading Commission rulemaking staff must respond to congressional disapproval and may be constrained from issuing a substantially similar rule. Voluntary carbon market buyers bear the burden if protections, standards, or program changes in the rule are blocked. Congressional oversight committees must handle the policy consequences of removing the rule without passing a replacement. Climate disclosure investors may lose federal market-integrity guidance for carbon credit derivatives.
Key Provisions
- Provides congressional disapproval of the Commodity Futures Trading Commission rule relating to guidance on listing voluntary carbon credit derivative contracts.
- Blocks the rule by declaring that it shall have no force or effect.
- Uses the Congressional Review Act rather than ordinary notice-and-comment rulemaking.
- Restricts the agency's ability to issue a substantially similar rule unless Congress authorizes it.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Uses the Congressional Review Act to disapprove the Commodity Futures Trading Commission rule relating to guidance on listing voluntary carbon credit derivative contracts, causing that rule to have no force or effect.
Key Policy Areas
Administrative Law, Congressional Review Act
Primary Purpose
Uses the Congressional Review Act to disapprove the Commodity Futures Trading Commission rule relating to guidance on listing voluntary carbon credit derivative contracts, causing that rule to have no force or effect.
Policy Domains
Resolution provisions
Identified Gains
Contextual inference, no direct clause citation- Carbon credit derivatives exchanges
- Members of Congress opposing the rule
- Regulated parties
- Congressional oversight committees
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Commodity Futures Trading Commission rulemaking staff
- Voluntary carbon market buyers
- Congressional oversight committees
- Program administrators
Contextual inference, no direct clause citation
Legislative Progress
In CommitteeReferred to the Subcommittee on Commodity Markets, Digital Assets, and …
Referred to the House Committee on Agriculture.
Introduced in House
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Carbon project developers, Voluntary carbon market buyers
Positive-direction: Carbon project developers
Negative-direction: Voluntary carbon market buyers
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology