H. J. RES. 124 is a joint resolution introduced in the House of Representatives, aiming to nullify a rule proposed by the Office of the Comptroller of the Currency. This rule concerns the "Principles for Climate-Related Financial Risk Management for Large Financial Institutions," which was...
Simple Explanation
H. J. RES. 124 is a plan by the U.S. Congress to cancel a rule about how big banks should deal with money problems related to climate change. If this happens, the rule will not be used, but it might cause confusion because there won't be any new rules to replace it.