Republicans seek to block climate risk assessment, postal banking

by David Baumann, CUCollaborate

House Republicans next week plan to try to amend the FY23 Financial Services Appropriations measure to prohibit postal banking and to stop financial regulators from assessing the risk of climate change.

Those proposals were included in dozens of amendments that the House Rules Committee will consider when it meets Monday to set the parameters for floor debate on the bill. House Democratic leaders have combined six appropriations bills into a single funding bill that will be considered on the House floor.

If the budget process were operating as prescribed in House rules, those six bills would have been considered individually.

Climate Change

Among the dozens of amendments submitted by Republicans to the Rules Committee was a proposal to prohibit the Treasury Department and the Financial Stability Oversight Council (FSOC) from assessing climate-related risks to financial stability.

 

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