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S. 3886: Future of Water Act of 2022

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About the bill

Fittingly, the rapper named Future has a song called Thought It Was a Drought.

Context

The stock market lets you bet on the future value of an individual company or corporation, In the same way, “futures” are a bet on the future monetary value of certain commodities, including agricultural investments such as corn, wheat, soybeans, or sugar.

Just like with a stock, you’d buy if you thought the price of, for example, corn was poised to increase — and you’d sell if you thought it was poised to decrease.

(Fun fact: it’s illegal to trade futures in onions, the only such agricultural product for which futures trading is against the law, ever since some 1950s-era shenanigans by an onion farmer in upstate New York.)

In December 2020, …

Sponsor and status

Elizabeth Warren

Sponsor. Senior Senator for Massachusetts. Democrat.

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Last Updated: Mar 21, 2022
Length: 2 pages
Introduced
Mar 21, 2022
117th Congress (2021–2023)
Status

Introduced on Mar 21, 2022

This bill is in the first stage of the legislative process. It was introduced into Congress on March 21, 2022. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Other activity may have occurred on another bill with identical or similar provisions.

Cosponsors

4 Cosponsors (3 Democrats, 1 Independent)

Prognosis
1% chance of being enacted according to Skopos Labs (details)
Source

History

Mar 21, 2022
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
 
Passed Committee

 
Passed Senate

 
Passed House

 
Signed by the President

S. 3886 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number S. 3886. This is the one from the 117th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 3886 — 117th Congress: Future of Water Act of 2022.” www.GovTrack.us. 2022. May 21, 2022 <https://www.govtrack.us/congress/bills/117/s3886>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.