Large banks would no longer face official expectations under a 2023 federal climate-risk guide. The three bank regulators that issued it also could not release very similar guidance later.
Modern Action explains what the legislation does, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
To nullify certain interagency guidance related to climate-related financial risk management for large financial institutions. is a House bill committee Action. The latest recorded action: Referred to the House Committee on Financial Services.
Latest action on H.R. 2923: Referred to the House Committee on Financial Services.
Who this affects: This bill mainly affects large financial institutions and the federal agencies that oversee them. Banks could have more freedom to choose how they handle climate risks. Regulators would lose this guide and could not replace it with very similar guidance.
Why this matters: Federal regulators now have a shared guide for climate-related financial risks at large institutions. This bill would erase it. Banks could gain more choice and may spend less responding to the guide. But regulators would have fewer ways to set common expectations through guidance, and banks might handle these risks less consistently. The bill offers no replacement approach, so its effect on bank practices and financial stability is uncertain.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
Officially: To nullify certain interagency guidance related to climate-related financial risk management for large financial institutions.
Large banks would no longer face official expectations under a 2023 federal climate-risk guide. The three bank regulators that issued it also could not release very similar guidance later.
Use this page to support, oppose, or ask Congress to amend HR2923. Modern Action explains what the bill does, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in House Committee
No vote scheduled. Constituent contact is what moves bills out of committee.
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Where this bill is in the process
Introduced
Introduced in House
House Committee
Under House committee consideration
Latest: Referred to the House Committee on Financial Services. (4/17/2025)
House Floor Vote
Voted on by House
Passed House
Approved by House
Senate Review
Sent to Senate for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
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This page gives you an opportunity to support, oppose, or ask for changes to To nullify certain interagency guidance related to climate-related financial risk management for large financial institutions., then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it does, where it is in the process (Committee Action), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around HR2923, your stance, and the reasons you choose, then lets you edit and send when ready.
