Introduced in House — H.R. 2923

119th CONGRESS

1st Session

H. R. 2923

IN THE HOUSE OF REPRESENTATIVES

April 17, 2025

Mr. Balderson (for himself and Mr. Pfluger) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To nullify certain interagency guidance related to climate-related financial risk management for large financial institutions.

Section 1. Nullification of interagency guidance

The final interagency guidance issued by the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation titled Principles for Climate-Related Financial Risk Management for Large Financial Institutions (published October 24, 2023) shall have no force or effect and such agencies may not issue any substantially similar guidance.