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 Summary: Congressional Disapproval of Climate Risk Rule Rescission **What the Bill Does** This joint resolution would overturn a recent decision by the Office of the Comptroller of the Currency (OCC)—a federal agency that regulates banks—to eliminate guidelines requiring large financial institutions to assess climate-related risks. If passed, it would restore those climate risk management principles that the OCC had rescinded, forcing banks to once again evaluate how climate change might affect their business operations and financial stability. **Who It Affects** The bill primarily affects large financial institutions (major banks and financial companies) that would be required to incorporate climate risk assessments into their operations and management practices. It could also indirectly affect customers and the broader economy by potentially influencing how banks manage long-term financial risks. **Current Status and Key Details** Introduced by Senator Elizabeth Warren (D-MA), this joint resolution is currently in committee and has not advanced further.

Using a special Congressional Review Act process, a joint resolution like this can overturn federal rules with a simple majority vote in both chambers, though it would still require presidential approval to become law. The bill reflects ongoing partisan disagreement about whether financial regulators should require climate risk consideration in banking oversight.