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.
Status:
Expired
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