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".

# Bill Summary: H.J.RES 90 **What It Would Do** This resolution would reject a rule issued by the Commodity Futures Trading Commission (CFTC) that provides guidance on how financial firms can list and trade derivatives based on voluntary carbon credits. If passed, the rule would be disapproved and prevented from taking effect. This uses a congressional process called the Congressional Review Act, which allows Congress to overturn federal agency regulations. **Who It Affects** The resolution would primarily affect financial markets and trading firms that deal with carbon credit derivatives—financial instruments linked to voluntary carbon offset credits.

It could also impact companies and investors involved in carbon markets and climate-related financial products. **Current Status** The resolution is currently in committee and has not yet been voted on by the full House of Representatives. It was introduced by Representative Stephanie Bice (R-OK). To become law, it would need to pass both chambers of Congress and either be signed by the President or pass with enough votes to override a presidential veto.