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".
Latest Action
Placed on the Union Calendar, Calendar No. 548.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™House Joint Resolution 125 (HJRES 125) from the 118th Congress is a legislative measure proposing congressional disapproval of a rule issued by the Board of Governors of the Federal Reserve System. The rule in question pertains to the "Principles for Climate-Related Financial Risk Management for Large Financial Institutions." The resolution seeks to nullify this Federal Reserve rule under the authority granted by chapter 8 of title 5, United States Code. The bill was introduced in the House and was placed on the Union Calendar but ultimately failed or expired without enactment. No official bill summary or full text is available in the source data.
HJRES 125 aimed to reject a Federal Reserve rule on climate-related financial risk management for large financial institutions but did not pass and is no longer active.
- The bill is a joint resolution for congressional disapproval of a Federal Reserve rule.
- The targeted rule addresses principles for managing climate-related financial risks by large financial institutions.
- The resolution was placed on the Union Calendar but failed or expired without becoming law.
['Large financial institutions subject to Federal Reserve oversight', 'The Board of Governors of the Federal Reserve System (in terms of regulatory clarity if the rule were disapproved)', 'Congress, by exercising oversight authority over federal agency rulemaking']
['Lack of available full bill text and official summary limits detailed understanding of specific provisions and implications.', 'Failure or expiration of the resolution means no change to the Federal Reserve rule, which may affect regulatory certainty.', 'Potential tradeoffs between regulatory oversight of climate-related financial risks and the operational flexibility of large financial institutions.']
This resolution is part of the congressional oversight process under the Congressional Review Act, allowing Congress to disapprove federal agency rules. It reflects legislative engagement with financial regulatory policies addressing climate-related risks. The bill's failure or expiration indicates it did not secure sufficient support to override the Federal Reserve's rulemaking.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['If enacted, disapproval of the Federal Reserve rule could reduce regulatory emphasis on climate-related financial risk management, potentially influencing financial sector risk practices.', 'The legislative action may signal congressional priorities regarding climate risk regulation in finance, impacting future regulatory proposals and industry compliance strategies.']
The bill's failure or expiration status and missing full text and summary highlight challenges in transparency and public accessibility to legislative details. Monitoring congressional disapproval resolutions is important for understanding shifts in federal regulatory frameworks, especially in emerging policy areas like climate-related financial risk.
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