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".
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Committee
Latest Action · March 5, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
S.J.Res. 113 is a disapproval resolution that seeks to block a rule issued by the Office of the Comptroller of the Currency (OCC) in November 2025 that rescinded guidelines for managing climate-related financial risks at large banks. The resolution, introduced by Senators Warren and Whitehouse, would use Congress's authority to overturn federal regulations and declare the OCC's rule null and void. If passed by both chambers and signed by the President, the previous climate risk management principles for major financial institutions would remain in effect. This legislation reflects a dispute over whether large banks should be required to assess and manage financial risks stemming from climate change. The resolution primarily affects large financial institutions and regulators overseeing the banking sector, with no specific funding or timeline provisions included beyond the regulatory disapproval itself.
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