Congress moves to restore bank climate-risk oversight after OCC withdrawal
S.J.Res. 113 — 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". · Filed by Elizabeth Warren (D-MA) · 1 cosponsor · Introduced Mar 5, 2026 · Referred to committee
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What it does
This resolution blocks the Office of the Comptroller of the Currency (OCC) from rescinding climate-risk management principles for large banks. The OCC had withdrawn those principles in November 2025; this resolution voids that withdrawal, restoring the climate-risk guidance that large financial institutions must follow.
Why we flagged it
This is a standard CRA disapproval resolution under 5 U.S.C. § 801 et seq., which allows Congress to nullify agency rules within 60 legislative days. It does exactly one thing: block an OCC rescission and restore the prior climate-risk principles.
What the text implies
- If passed, this resolution would restore OCC climate-risk principles without specifying their content or scope—the operative rule lives in the Federal Register citation (90 Fed. Reg. 51756) and prior OCC guidance, not in this text. Enforcement and interpretation depend on those external documents.
- A CRA disapproval is a one-time veto; it does not prevent the OCC from proposing a new rescission rule in the future, only from enforcing this specific November 2025 rescission.
- The resolution's effect on bank lending, capital allocation, and consumer credit availability is indirect and depends on how banks interpret and implement the restored climate-risk principles—no direct mandate to change lending practices is stated here.
Section numbers refer to the bill text the analysis read — linked under Primary records below.
Who it affects
Restoring climate-risk oversight may reduce systemic financial risk from climate-related losses and improve long-term financial stability, benefiting depositors and the broader economy. However, the bill does not directly regulate bank lending, pricing, or consumer access to credit—the civic benefit is indirect (risk mitigation) rather than immediate (lower costs, stronger consumer protections). The trade-off is genuine: financial stability is a public good, but the mechanism is regulatory proce
Named in the bill
Office of the Comptroller of the Currency (OCC), Large financial institutions, U.S. Senate, Senate Committee on Banking, Housing, and Urban Affairs
Where it stands
1 cosponsor: 1 Democrats.
- Mar 5, 2026 — Introduced · Congress.gov: “Introduced in Senate”
- Mar 5, 2026 — Referred to Senate Committee on Banking, Housing, and Urban Affairs · Congress.gov: “Read twice and referred to the Committee on Banking, Housing, and Urban Affairs”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,320 characters) on Jun 8, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-10-20.
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