The civic record
Read. Follow. Verify.Proposed Resolution to Overturn Federal Reserve Climate Risk Rules
Record date · September 9, 2024
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What This Bill Would Do
This resolution seeks to invalidate a Federal Reserve rule that sets guidelines for how large financial institutions manage climate-related financial risks. If passed, the rule would be nullified and lose all legal force.
The resolution directly impacts the regulatory requirements for large U.S. financial institutions, potentially removing federal oversight standards regarding how these banks must account for climate-related financial threats.
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 Federal Reserve rule and would no longer be required to comply with the 'Principles for Climate-Related Financial Risk Management' if the rule is nullified.
Board of Governors of the Federal Reserve System
The agency's regulatory rule is the target of the disapproval resolution.
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
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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.
Congressional Challenge to Climate Regulation
The resolution represents a formal attempt to use the Congressional Review Act to roll back climate-related financial oversight established by the Federal Reserve.
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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