Congress disapproves a rule rescinding climate-related financial risk management principles for large financial institutions.
Federal SJR113 is a joint resolution disapproving a rule by the Office of the Comptroller of the Currency that rescinds climate-related financial risk management principles for large financial institutions. The resolution, introduced by Senators Elizabeth Warren and Sheldon Whitehouse, aims to nullify the rule's effect, ensuring that the rescinded principles remain in force. This action reflects congressional opposition to the Office of the Comptroller of the Currency's decision to remove certain climate-related financial risk management guidelines for large financial institutions.
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