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".

# Plain Language Summary: SJRES 9 **What the Bill Does** This bill would reject guidance issued by the Commodity Futures Trading Commission (CFTC) in October 2024 regarding how financial exchanges can trade contracts based on voluntary carbon credits. The CFTC's guidance outlined standards that exchanges should follow when listing these carbon credit derivatives, focusing on requirements like transparency and permanence. If passed, this resolution would eliminate that guidance. **Who It Affects** The bill primarily affects financial exchanges regulated by the CFTC, financial firms that trade carbon credit derivatives, and companies involved in the voluntary carbon credit market.

It could also impact investors interested in carbon credit trading and organizations using these financial tools to manage environmental commitments. **Current Status** The bill is currently in committee and has not yet advanced to a floor vote. It was introduced by Senator John Kennedy (R-LA). The underlying debate centers on whether federal regulation of carbon credit derivatives is necessary or represents government overreach into private markets.