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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
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (1)
Sheldon Whitehouse (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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
Mar 5, 2026
Introduced in Senate
Mar 5, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 5, 2026
    Introduced in Senate


  • March 5, 2026
    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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 5, 2026
Introduced in Senate
Mar 5, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 5, 2026
    Introduced in Senate


  • March 5, 2026
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (1)
Sheldon Whitehouse (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted