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".

Senate Joint Resolution

S.J.Res. 113

119th Congress

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".

In Committee

Introduced:Mar 5, 2026

Primary Sponsor

Elizabeth Warren

D - MA

Cosponsors

0

Quick Stats

Summary

Senator Warren introduced a resolution to block the Office of the Comptroller of the Currency from eliminating climate risk guidelines for major banks. The guidelines were designed to ensure that large financial institutions assess and manage the financial risks posed by climate change, such as impacts from extreme weather events or the transition to clean energy. This resolution would keep those climate risk management principles in place.

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Introduced3/5/2026

StatusRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

ChamberSenate

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Vote Prediction

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".

Senator Warren introduced a resolution to block the Office of the Comptroller of the Currency from eliminating climate risk guidelines for major banks. The guidelines were designed to ensure that large financial institutions assess and manage the financial ris

Community Breakdown

Pass

0%

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0 predictions

Senator Warren introduced a resolution to block the Office of the Comptroller of the Currency from eliminating climate risk guidelines for major banks. The guidelines were designed to ensure that large financial institutions assess and manage the financial risks posed by climate change, such as impacts from extreme weather events or the transition to clean energy. This resolution would keep those climate risk management principles in place.

Bill Number: 113
Introduced: 3/5/2026
Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Data from Congress.gov

AI-generated summary

Fact Sheet

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".
Bill Number: 113
Sponsor: No sponsor
Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced: 3/5/2026
Summary: Senator Warren introduced a resolution to block the Office of the Comptroller of the Currency from eliminating climate risk guidelines for major banks. The guidelines were designed to ensure that large financial institutions assess and manage the financial risks posed by climate change, such as impa

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

Senator Warren introduced a resolution to block the Office of the Comptroller of the Currency from eliminating climate risk guidelines for major banks. The guidelines were designed to ensure that large financial institutions assess and manage the financial risks posed by climate change, such as impacts from extreme weather events or the transition to clean energy. This resolution would keep those climate risk management principles in place.

Last updated: 3/7/2026

Key Points

Main provisions of the bill

Prevents the rollback of climate risk management requirements that guide how major banks evaluate threats from climate change to their financial stability
Affects large financial institutions that hold trillions in assets and could face losses from climate-related events like hurricanes, floods, or stranded fossil fuel assets
Uses the Congressional Review Act, which allows Congress to overturn recently implemented federal agency rules
Reflects ongoing debate about whether banks should be required to consider climate change in their risk assessments and lending decisions
Could impact whether banks factor climate considerations into mortgages, business loans, and investment decisions

How This Impacts Americans

Potential effects on citizens and communities

This resolution would primarily affect large banks and financial institutions, requiring them to maintain frameworks for evaluating climate-related financial risks. For everyday Americans, this could influence mortgage availability in flood-prone areas, the stability of retirement investments, and whether banks continue lending to fossil fuel projects versus renewable energy. The broader impact includes whether the financial system is prepared for climate-related economic disruptions that could affect savings, home values, and economic stability.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

113, 119th Congress (2026). "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".". Source: Voter's Right Platform. https://votersright.org/bills/119-sjres-113

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