A joint resolution providing congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to "Rescission of Principles for Climate-Related Financial Risk Management for Large Financial Institutions".
Sponsor
Full profile: /officials/W000817
Source: Congress.gov · FEC
Cosponsors (1)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
Latest Action
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2026-03-05
Source: Congress.gov
Plain-English Summary
Congress is attempting to block a decision by the Office of the Comptroller of the Currency to cancel its guidelines that required large banks to consider climate-related financial risks in their operations. If approved, this resolution would force the banking regulator to keep those climate risk management principles in place rather than eliminate them. The measure affects major financial institutions and their approach to managing long-term environmental risks to their business.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
Full Bill Text
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[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S.J. Res. 113 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. J. RES. 113 Providing congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to ``Rescission of Principles for Climate-Related Financial Risk Management for Large Financial Institutions''. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 5, 2026 Ms. Warren (for herself and Mr. Whitehouse) introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ JOINT RESOLUTION Providing congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to ``Rescission of Principles for Climate-Related Financial Risk Management for Large Financial Institutions''. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That Congress disapproves the rule submitted by the Office of the Comptroller of the Currency relating to ``Rescission of Principles for Climate-Related Financial Risk Management for Large Financial Institutions'' (90 Fed. Reg. 51756 (November 18, 2025)), and such rule shall have no force or effect. <all>
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