# 119-hr-2923: To nullify certain interagency guidance related to climate-related financial risk management for large financial institutions.

119-hr-2923, To nullify certain interagency guidance related to climate-related financial risk management for large financial institutions., is a 119th Congress bill sponsored by Rep. Balderson, Troy [R-OH-12] (R-OH); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-hr-2923
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2923
- Congress: 119
- Title: To nullify certain interagency guidance related to climate-related financial risk management for large financial institutions.
- Status: introduced
- Introduced: 2025-04-17
- Sponsor: Rep. Balderson, Troy [R-OH-12] (R-OH)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Would erase and block future interagency climate-related risk rules for large financial institutions.** It would nullify the final interagency guidance titled "Principles for Climate-Related Financial Risk Management for Large Financial Institutions," issued by the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, and would bar those agencies from issuing any substantially similar guidance going forward.

## Cosponsors (1)

- Rep. Pfluger, August [R-TX-11] (R-TX), 2025-04-17T00:00:00.000Z

## Provisions PRIA read

- Cancel climate risk guidance for large banks: mixed, high. This bill would cancel the joint climate‑risk guidance for large banks issued on October 24, 2023 by the Federal Reserve, the Comptroller of the Currency, and the FDIC. It would have no force or effect, and those agencies could not issue substantially similar guidance. Large banks would no longer f…

## Related bills

- 119-hr-4669: FEMA Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-21: Born-Alive Abortion Survivors Protection Act
- 119-hr-3843: Baseload Reliability Protection Act
- 119-hr-1227: Alternatives to PAIN Act
- 119-hr-1004: Love Lives On Act of 2025

## Sources
- [119-hr-2923 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2923)

## Related
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-21: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-hr-21)
- [119-hr-3843: Baseload Reliability Protection Act](https://policyrisk.com/legislation/119-hr-3843)
- [119-hr-1227: Alternatives to PAIN Act](https://policyrisk.com/legislation/119-hr-1227)
- [119-hr-1004: Love Lives On Act of 2025](https://policyrisk.com/legislation/119-hr-1004)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2923 (as of 2025-12-21).