HR 2923
To nullify certain interagency guidance related to climate-related financial risk management for large financial institutions.
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 6:41 AM
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill aims to reverse a set of guidelines issued by federal banking regulators regarding how large financial institutions should assess and manage risks related to climate change. The bill seeks to nullify the October 2023 guidance from the Federal Reserve, the Comptroller of the Currency, and the FDIC, preventing these agencies from creating similar rules in the future. Supporters of the bill argue that these guidelines are overly burdensome and could stifle economic growth, while critics contend they are necessary to protect the financial system from climate-related risks.
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