Congress Disapproves Climate Risk Management Rules for Large Banks
The U.S. Congress is rejecting rules for managing climate-related financial risks that were intended for large financial institutions. This means banks will not have to follow these specific guidelines, which could affect their approach to investments and loans in climate-sensitive sectors.
Key points
Congress disapproves the rule on climate-related financial risk management for large financial institutions.
The rejected rules aimed to help banks assess and manage financial risks from climate change.
This decision means these specific guidelines will not take effect, potentially influencing bank strategies for financing energy and environmental projects.
Status:
Expired
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