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".
HJRES 125 is a congressional resolution seeking to block a Federal Reserve rule requiring large financial institutions to manage climate-related financial risks. It targets the rule published in the Federal Register on October 30, 2023 (88 Fed. Reg. 74183), which established "Principles for Climate-Related Financial Risk Management." The resolution would prevent this rule from taking effect by invoking a specific legal process under Title 5 of the U.S. Code. This disapproval resolution directly affects major banks and financial firms subject to the Federal Reserve's oversight.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2024
Committee Review
Floor Vote
President
Introduced Apr 5, 2024
Last action Sep 9, 2024
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No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
2
Committee
3
Sep 9, 2024
Lower · Passed
Reported by the Committee on Financial Services. H. Rept. 118-651.
lower
Apr 17, 2024
Lower · Passed
Committee Consideration and Mark-up Session Held
lower
Apr 5, 2024
Committee
Referred to the House Committee on Financial Services.
lower
Apr 5, 2024
Introduced
Introduced in House
lower
1 primary · 9 co-sponsors
Sponsors
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