The joint resolution H. J. RES. 126 aims to nullify a rule published by the Federal Deposit Insurance Corporation (FDIC) concerning climate-related financial risk management for large financial institutions. This rule, published in the Federal Register on October 30, 2023,...
Simple Explanation
This bill is about Congress saying "no" to a new rule that tells big banks how to handle money-related issues that could happen because of climate change. They want to act like this rule doesn't count anymore.