Lafayette Reporter

Senator John Kennedy has introduced a joint resolution aimed at overturning the Biden administration's final guidance on voluntary carbon credits. The guidance, issued by the Commodity Futures Trading Commission (CFTC), seeks to regulate the trade of carbon credits, also known as carbon offsets. These schemes allow companies to offset their carbon emissions by funding green projects elsewhere.

Kennedy criticized the initiative, stating, "The American people rejected Pres. Biden’s radical green agenda, but the last administration’s bureaucratic schemes could still force California- and European-style climate craziness on the rest of the country. Congress should join me in voting to stop radical policies that put unrealistic expectations on American businesses."

The Congressional Review Act (CRA) enables Congress to nullify certain federal agency regulations through a joint resolution of disapproval. For such a resolution to take effect, it must be approved by both houses of Congress and signed by the president or survive a presidential veto.

Senator Tim Sheehy is co-sponsoring Kennedy's resolution.