# Plain Language Summary: Congressional Disapproval of Climate Risk Rule for Banks

Congress is voting on whether to reject a new rule that the federal government created for large banks. The rule, created by the Office of the Comptroller of the Currency (which oversees national banks), tells big financial institutions they need to think about climate-related risks when they manage their money and make loans.

Think of it this way: the rule basically says that large banks should consider whether the companies they lend money to might be hurt by climate change or environmental regulations. For example, if a bank is considering a big loan to a coal company, the rule would require them to think about whether that company might face stricter environmental rules in the future that could hurt its business. This bill would eliminate that requirement if it passes.

If this bill becomes law, large banks would no longer have to formally assess climate risks when making financial decisions. This could mean banks might lend money to businesses without fully considering whether climate change or new environmental laws could make those investments risky. On the flip side, supporters of the bill argue that removing this rule reduces unnecessary government regulation on banks and lets them make their own business decisions without federal interference.

The practical impact depends on your perspective: if you care about banks being cautious about environmental risks and climate change, you'd likely oppose this bill. If you think banks should have less government regulation and more freedom to decide their own lending practices, you'd likely support it.

Providing for 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 "Principles for Climate-Related Financial Risk Management for Large Financial Institutions".