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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.
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Status:
Introduced
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Additional Information
To nullify certain interagency guidance related to climate-related financial risk management for large financial institutions.
Print number: HR 2923
Sponsor: Rep. Balderson, Troy [R-OH-12]
Process start date: 2025-04-17
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Nullifying Climate Risk Guidance for Large Financial Institutions

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of HR 2923

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy