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Read. Follow. Verify.Resolution to Block FDIC Climate Risk Rules for Large Banks
Record date · July 30, 2024
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What This Bill Would Do
This resolution seeks to overturn a recent Federal Deposit Insurance Corporation (FDIC) rule that established guidelines for how large financial institutions should manage climate-related financial risks. If passed, the resolution would invalidate the FDIC's 'Principles for Climate-Related Financial Risk Management for Large Financial Institutions' and prevent it from having any legal force.
The resolution directly impacts the regulatory requirements for large U.S. banks by attempting to nullify federal guidance on how they must account for climate-related financial threats in their operations.
- The Congressional Review Act allows Congress to overturn federal agency rules within a specific timeframe after they are finalized. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Large financial institutions
These institutions are the subject of the FDIC's climate risk management principles, which would be nullified if this resolution passes.
Federal Deposit Insurance Corporation
The agency's regulatory rule would be invalidated and stripped of legal force.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What does this resolution do?
Does this change bank regulations immediately?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently filed. The next step in the legislative lifecycle is Committee.
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Use of Congressional Review Act
The resolution utilizes the Congressional Review Act to bypass standard rulemaking procedures, signaling a direct legislative attempt to curb agency-led climate policy.
Connected Entities
Sources
www.congress.gov
Analysis Score
0–100- Significance75How much this matters to a regular citizen
- Controversy80Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz40Current news / social attention level
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