Future of Water Act of 2022
This bill prohibits the trading of futures contracts in water or water rights. A futures contract is an agreement to buy or sell a commodity or financial instrument at a set price at a specific time.
To amend the Commodity Exchange Act to prohibit trading of water and 
       water rights for future delivery, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Future of Water Act of 2022''.

SEC. 2. PROHIBITION OF TRADING IN WATER AND WATER RIGHTS FOR FUTURE 
              DELIVERY.

    (a) Commodity Exchange Act.--Section 1a(9) of the Commodity 
Exchange Act (7 U.S.C. 1a(9)) is amended--
            (1) by striking ``(7 U.S.C. 13-1)) and'' and inserting ``(7 
        U.S.C. 13-1)),'';
            (2) by inserting ``water or water rights (or any index, 
        measure, value, or data related to water or water rights), 
        and'' after ``receipts), and''; and
            (3) by striking ``receipts) in which'' and inserting 
        ``receipts, and water or water rights, or any index, measure, 
        value, or data related to water or water rights) in which''.
    (b) Public Law 85-839.--The first section of Public Law 85-839 (7 
U.S.C. 13-1) is amended in the first sentence of subsection (a)--
            (1) by inserting ``water or water rights (or any index, 
        measure, value, or data related to water or water rights),'' 
        after ``sale of''; and
            (2) by striking ``receipts)'' and inserting ``receipts),''.
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Future of Water Act of 2022
A bill to amend the Commodity Exchange Act to prohibit trading of water and water rights for future delivery, and for other purposes.
Future of Water Act of 2022
Sen. Warren, Elizabeth