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Congress·In Committee·S.J.Res. 113

Sen. Warren Introduces Resolution to Restore Climate Risk Rules for Large Banks

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".

9 days ago·View on Congress.gov

Legislative Progress

Senate
House
President
Law

Key Points

  • Sen. Warren and Sen. Whitehouse introduced a plan to keep climate safety rules for the country's biggest banks. They are trying to stop a government agency from canceling guidelines that help banks prepare for financial problems caused by climate change.
  • The guidelines require banks with over $100 billion in assets to look at how extreme weather or new environmental laws might hurt their business. This includes tracking risks like property damage from floods or financial losses in the energy industry.
  • If this resolution passes, it would overturn a decision by the Office of the Comptroller of the Currency to get rid of these rules. This would ensure that the largest financial institutions continue to account for climate-related risks in their long-term planning.
  • Supporters say these rules are necessary to prevent a future financial crisis caused by environmental disasters. They argue that if big banks aren't prepared for the costs of climate change, it could put the entire U.S. economy at risk.
Economy FinanceEnergy Environment

Impact Analysis

Personal Impact

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Broader Impacts

Score
Scores: -5 (harmful) to +5 (beneficial)Short-term: 0-2 yearsLong-term: 10-30 years

Milestones

2 milestones2 actions
Mar 5, 2026Senate

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

Mar 5, 2026

Introduced in Senate

Source Information

Document Type

Congressional Bill

Official 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 NumberSJRES 113
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Cosponsors

(1)
D: 1

Analysis generated by AI. Always verify with official sources.