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Ban on Water Speculation: Ending Futures Trading of Water Rights.

This bill aims to prohibit the trading of futures contracts for water and water rights on commodity exchanges. This means water cannot be subject to financial speculation, protecting this critical resource from price volatility driven by market actions rather than actual availability. The goal is to stabilize prices and ensure that access to water is not threatened by financial manipulation.
Key points
Implementation of a complete ban on trading futures contracts for water, water rights, and any related indices or data.
The change seeks to remove water from the list of commodities that can be speculated on exchanges, protecting water resources from excessive price volatility.
Citizens may experience greater stability in water resource management, as prices and availability will be less susceptible to financial speculation.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_S_4188
Sponsor: Sen. Warren, Elizabeth [D-MA]
Process start date: 2024-04-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Future of Water Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4188.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-04-18.

What are the main provisions?

Key points include:

  • Implementation of a complete ban on trading futures contracts for water, water rights, and any related indices or data.
  • The change seeks to remove water from the list of commodities that can be speculated on exchanges, protecting water resources from excessive price volatility.
  • Citizens may experience greater stability in water resource management, as prices and availability will be less susceptible to financial speculation.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Warren, Elizabeth [D-MA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Environment Economy Agriculture