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Restoring Climate Risk Management Rules for Large Financial Institutions

This resolution stops a rule that would have removed climate-related risk management guidelines for big banks. It ensures that large financial institutions continue to account for climate change impacts to protect the economy's stability.
Key points
Blocks the removal of climate risk oversight for major banks.
Requires large institutions to keep assessing how climate change affects their finances.
Aims to protect the banking system from climate-related economic shocks.
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Status:
Introduced
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Additional Information
Print number: 119_SJRES_113
Sponsor: Sen. Warren, Elizabeth [D-MA]
Process start date: 2026-03-05
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-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

A joint resolution providing congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to "Rescission of 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 119_SJRES_113.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2026-03-05.

What are the main provisions?

Key points include:

  • Blocks the removal of climate risk oversight for major banks.
  • Requires large institutions to keep assessing how climate change affects their finances.
  • Aims to protect the banking system from climate-related economic shocks.
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 Sen. Warren, Elizabeth [D-MA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-03-10.

What is the impact of this bill?

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.

CATEGORIES

Economy Environment