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Congress Disapproves Climate Risk Management Rules for Banks

This document means the U.S. Congress disagrees with rules intended to help large financial institutions manage climate-related risks. In practice, banks will not have to follow these specific guidelines, which could affect their investment and lending decisions in climate-sensitive sectors.
Key points
Congress rejects rules on climate-related financial risk management for large banks.
This means banks will not be required to follow these specific guidelines in their operations.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HJRES_125
Sponsor: Rep. Fitzgerald, Scott [R-WI-5]
Process start date: 2024-04-05
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to "Principles for Climate-Related Financial Risk Management for Large Financial Institutions".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HJRES_125.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-04-05.

What are the main provisions?

Key points include:

  • Congress rejects rules on climate-related financial risk management for large banks.
  • This means banks will not be required to follow these specific guidelines in their operations.
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 Rep. Fitzgerald, Scott [R-WI-5].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 548.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy