Treasury’s Office of the Comptroller of the Currency (OCC), the Federal Reserve System, and the Federal Deposit Insurance Corporation issued a final rule adding disaster preparedness and climate resilience activities to the definition of community development under the Community Reinvestment Act. The activities are narrowly limited to weather-related risks rather than broader climate mitigation measures, like decarbonization. Treasury’s new rules were effective as of April 1, 2024, with compliance deadlines of Jan. 1, 2026, and Jan. 1, 2027.