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".

House Joint Resolution 124 is a "resolution of disapproval" that would nullify a specific set of guidelines issued by the Office of the Comptroller of the Currency (OCC). These guidelines currently direct large banks—those with over $100 billion in assets—to incorporate climate-related financial risks, such as extreme weather events and the transition to a lower-carbon economy, into their strategic planning and risk management. If this resolution becomes law, the OCC’s climate risk principles would be repealed and the agency would be prohibited from issuing similar guidance in the future. For citizens, the bill’s impact centers on how the nation’s largest financial institutions assess long-term environmental risks and whether federal regulators should mandate specific frameworks for managing those risks.