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Nullifying Climate Risk Guidance for Large Financial Institutions

This bill aims to cancel existing guidelines for large financial institutions regarding the management of climate-related financial risks. This means banks will no longer be required to follow these specific rules, which could impact how they assess and manage risk in their operations.
Key points
Nullification of climate-related financial risk management guidance for large banks.
Federal agencies are prohibited from issuing substantially similar guidance in the future.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2923
Sponsor: Rep. Balderson, Troy [R-OH-12]
Process start date: 2025-04-17
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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 119_HR_2923.

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 2025-04-17.

What are the main provisions?

Key points include:

  • Nullification of climate-related financial risk management guidance for large banks.
  • Federal agencies are prohibited from issuing substantially similar guidance in the future.
What is the specific legal status?

The current status is Introduced.

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 2025-12-22.

CATEGORIES

Economy