A joint resolution providing congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to "Rescission of Principles for Climate-Related Financial Risk Management for Large Financial Institutions".

This joint resolution was introduced in the Senate on March 5, 2026. It has been sent to the Senate Committee on Banking, Housing, and Urban Affairs for review. Before it can move forward for a vote by the full Senate, the committee must discuss and approve it. If passed by both the Senate and the House of Representatives, it would then go to the President to be signed into law or vetoed.

If this resolution passes, the Office of the Comptroller of the Currency's (OCC) rule, which planned to remove certain principles for managing climate-related financial risks, would be blocked. This means that large financial institutions would continue to operate under existing guidelines that encourage them to assess and address potential financial threats posed by climate change, such as extreme weather events or shifts in energy policy. The OCC would maintain its role in overseeing how these banks manage such risks, potentially influencing investment decisions and loan practices related to environmentally sensitive sectors.

Those who support this resolution likely believe that allowing banks to stop considering climate-related financial risks could endanger the financial system and the economy. They would argue that these principles are crucial for ensuring the stability of large financial institutions in the face of environmental challenges. Conversely, those who opposed the original climate risk principles, and thus would oppose this resolution, might argue that such guidelines create excessive regulatory hurdles for banks or are outside the OCC's core mission of ensuring safe and sound banking practices.