US Federal Senate Bill SJR113

US Federal 2025-2026 Regular Session

• Introduced: 3/5/26
• Refer: 3/5/26

Caption

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".

Summary

S.J. Res. 113 is a congressional disapproval resolution introduced under the Congressional Review Act. It would overturn a rule issued by the Office of the Comptroller of the Currency (OCC) titled “Rescission of Principles for Climate-Related Financial Risk Management for Large Financial Institutions.” If enacted, the resolution would nullify that OCC action and prevent the rescission rule from taking effect. The resolution is aimed at the federal banking regulator’s treatment of climate-related financial risk guidance for large financial institutions. In practical terms, it seeks to preserve or restore the OCC’s prior principles for managing climate-related financial risk, rather than allowing the rescission of those principles to stand. The measure was introduced in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs.

Impact

If enacted, the joint resolution would have no direct effect on state law, but it would change federal banking regulatory policy by invalidating the OCC rule under chapter 8 of title 5, United States Code. The affected parties would be large financial institutions subject to OCC oversight, which would remain subject to the earlier climate-risk management framework rather than the rescission. The bill would also reinforce congressional oversight of federal financial regulators and climate-risk supervision.

Sentiment

The bill’s introduction by Senators Warren and Whitehouse indicates strong support from lawmakers who favor continued federal attention to climate-related financial risk in banking. No committee transcript or vote data is available, so there is no recorded floor or committee sentiment beyond the sponsors’ clear opposition to the OCC’s rescission rule. Overall, the available context suggests the measure is part of a broader effort to preserve climate-risk oversight in the financial sector.

Contention

The central point of contention is whether federal banking regulators should maintain or roll back principles addressing climate-related financial risk for large financial institutions. Supporters of the resolution appear to view climate risk as a material safety-and-soundness issue that should remain in place, while opponents of such oversight likely favor the OCC’s rescission as a reduction in regulatory burden and a narrower role for climate policy in banking supervision. Because there are no transcripts or votes, the specific arguments of committee members are not documented in the provided record.