S.J.Res. 9 — 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".

S.J.Res. 9 — 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". | JustPolicyThe main purpose of this legislative text is to allow Congress to formally disapprove a specific rule issued by the Commodity Futures Trading Commission (CFTC). This rule pertains to guidance on how voluntary carbon credit derivative contracts can be listed. Essentially, it aims to prevent the implementation of this guidance, which Congress believes is not in the best interest of stakeholders or the market. Key provisions of this resolution include the explicit disapproval of the CFTC's guidance on carbon credit derivatives.