Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to "Principles for Climate-Related Financial Risk Management for Large Financial Institutions".

Bill: 118-hjres-125
Sponsor: full_name: Rep. Fitzgerald, Scott [R-WI-5]
Introduced: 2024-04-05
Policy area: Finance and Financial Sector
Subjects: Climate change and greenhouse gases

Financial services and investments

Legislative rules and procedure
Latest action: action_date: 2024-09-09
text: Placed on the Union Calendar, Calendar No. 548.

Summaries:
action_date: 2024-04-05
action_desc: Introduced in House
text: <p>This joint resolution nullifies the notice jointly issued by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation titled <em>Principles for Climate-Related Financial Risk Management for Large Financial Institutions</em> and published on October 30, 2023. The notice provides a framework for financial risk management related to climate change for financial institutions with over $100 billion in assets.</p><!--tinycomments|2.1|data:application/json;base64,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-->

tv_txt: IB Union Calendar No. 548 118th CONGRESS 2d Session H. J. RES. 125 [Report No. 118–651] IN THE HOUSE OF REPRESENTATIVES April 5, 2024 Mr. Fitzgerald (for himself, Mr. Meuser , Mr. Mooney , Mr. Lucas , Mr. Hill , and Mr. Donalds ) submitted the following joint resolution; which was referred to the Committee on Financial Services September 9, 2024 Additional sponsors: Mrs. Houchin , Mr. Sessions , Mr. Huizenga , and Mr. Barr September 9, 2024 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to Principles for Climate-Related Financial Risk Management for Large Financial Institutions .

That Congress disapproves the rule submitted by the Board of Governors of the Federal Reserve System relating to Principles for Climate-Related Financial Risk Management for Large Financial Institutions (88 Fed. Reg. 74183; published October 30, 2023), and such rule shall have no force or effect.

September 9, 2024 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: IA 118th CONGRESS 2d Session H. J. RES. 125 IN THE HOUSE OF REPRESENTATIVES April 5, 2024 Mr. Fitzgerald (for himself, Mr. Meuser , Mr. Mooney , Mr. Lucas , Mr. Hill , and Mr. Donalds ) submitted the following joint resolution; which was referred to the Committee on Financial Services JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to Principles for Climate-Related Financial Risk Management for Large Financial Institutions .

That Congress disapproves the rule submitted by the Board of Governors of the Federal Reserve System relating to Principles for Climate-Related Financial Risk Management for Large Financial Institutions (88 Fed. Reg. 74183; published October 30, 2023), and such rule shall have no force or effect.