House Republicans are working to thwart actions from regulators that push banks to consider the financial threats of climate change.
Reps. Byron Donalds (R-Fla.), Scott Fitzgerald (R-Wis.) and Erin Houchin (R-Ind.) last week filed three separate resolutions that would strike down policies that seek to encourage large institutions with more than $100 billion in assets to adopt protocols that take risk management into account.
Donalds, who serves on the House Financial Services Committee, has broadly blasted banking regulators for focusing on climate change and not “doing the job.”
That committee will be holding a hearing this week on a separate proposed Securities and Exchange Commission climate disclosure rule. Although the SEC has paused implementation amid legal challenges, Republicans are still seeking to overturn it.
