To nullify certain interagency guidance related to climate-related financial risk management for large financial institutions.

Bill: 118-hr-10120
Sponsor: full_name: Rep. Balderson, Troy [R-OH-12]
Introduced: 2024-11-14
Policy area: Finance and Financial Sector
Latest action: action_date: 2024-11-14
text: Referred to the House Committee on Financial Services.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 10120 IN THE HOUSE OF REPRESENTATIVES November 14, 2024 Mr. Balderson (for himself, Mr. Hern , and Mr. Pfluger ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To nullify certain interagency guidance related to climate-related financial risk management for large financial institutions.

1. Nullification of interagency guidance The final interagency guidance issued by the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation titled Principles for Climate-Related Financial Risk Management for Large Financial Institutions (published October 24, 2023) shall have no force or effect and such agencies may not issue any substantially similar guidance.