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Nullifying Climate Risk Guidance for Large Financial Institutions

This bill aims to cancel specific guidelines concerning climate-related financial risk management for large banks and financial institutions. This means these institutions will no longer be required to follow these particular rules, potentially influencing their investment and lending decisions, and indirectly affecting the availability of funding for various economic sectors.
Key points
Nullifies interagency guidance on climate-related financial risk management for large financial institutions.
Federal agencies are prohibited from issuing substantially similar guidance in the future.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_10120
Sponsor: Rep. Balderson, Troy [R-OH-12]
Process start date: 2024-11-14
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To nullify certain interagency guidance related to 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_HR_10120.

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 2024-11-14.

What are the main provisions?

Key points include:

  • Nullifies interagency guidance on climate-related financial risk management for large financial institutions.
  • Federal agencies are prohibited from issuing substantially similar guidance in the future.
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. Balderson, Troy [R-OH-12].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

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

CATEGORIES

Economy