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".
This joint resolution seeks to disapprove a specific rule issued by the Office of the Comptroller of the Currency (OCC) under the Congressional Review Act. The OCC rule, published in November 2025, was titled "Rescission of Principles for Climate-Related Financial Risk Management for Large Financial Institutions," indicating its intent to cancel these guidelines. By passing this resolution, Congress would prevent the OCC's rescission rule from taking effect , thereby ensuring that the principles for managing climate-related financial risks for large institutions remain in force. The resolution explicitly states that the disapproved rule "shall have no force or effect," preserving the existing framework for addressing climate risks in the financial sector.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
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".
USA119th CongressSJRES-113| Senate
| Updated: 3/5/2026
This joint resolution seeks to disapprove a specific rule issued by the Office of the Comptroller of the Currency (OCC) under the Congressional Review Act. The OCC rule, published in November 2025, was titled "Rescission of Principles for Climate-Related Financial Risk Management for Large Financial Institutions," indicating its intent to cancel these guidelines. By passing this resolution, Congress would prevent the OCC's rescission rule from taking effect , thereby ensuring that the principles for managing climate-related financial risks for large institutions remain in force. The resolution explicitly states that the disapproved rule "shall have no force or effect," preserving the existing framework for addressing climate risks in the financial sector.