01 — The Text
What.
- This bill would reject a rule that the Office of the Comptroller of the Currency (a banking regulator) just removed. That removed rule required large banks to manage financial risks related to climate change.
- By passing this bill, Congress would officially disapprove of the decision to eliminate the climate risk management guidelines for big financial institutions.
02 — The Stakes
So what?
- This affects large banks and their customers, as it determines whether banks must consider climate-related risks (like flooding or extreme weather) when making lending and investment decisions.
- Climate-related financial risks could impact loan availability, interest rates, and how banks manage money. Banks argue compliance is costly; supporters argue ignoring climate risks threatens financial stability.
03 — The Path
Now what?
- The bill was introduced in the Senate on March 5, 2026, and sent to the Banking Committee for review.
- Contact your Senate representatives to share your position on whether banks should be required to manage climate-related financial risks.
Legislative History
Actions.
- Mar 5, 2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Mar 5, 2026 — Introduced in Senate