diff --git a/doc/cascadia/profiles.schema.json b/doc/cascadia/profiles.schema.json
index a4dbd3d806d..38bdd5352ab 100644
--- a/doc/cascadia/profiles.schema.json
+++ b/doc/cascadia/profiles.schema.json
@@ -59,6 +59,7 @@
         "toggleAlwaysOnTop",
         "toggleRetroEffect",
         "find",
+        "setColorScheme",
         "setTabColor",
         "openTabColorPicker",
         "renameTab",
@@ -283,6 +284,23 @@
         }
       ]
     },
+    "SetColorSchemeAction": {
+      "description": "Arguments corresponding to a Set Color Scheme Action",
+      "allOf": [
+        { "$ref": "#/definitions/ShortcutAction" },
+        {
+          "properties": {
+            "action": { "type": "string", "pattern": "setColorScheme" },
+            "colorScheme": {
+              "type": "string",
+              "default": "",
+              "description": "the name of the scheme to apply to the active pane"
+            }
+          }
+        }
+      ],
+      "required": [ "name" ]
+    },
     "WtAction": {
       "description": "Arguments corresponding to a wt Action",
       "allOf": [
@@ -350,6 +368,7 @@
               { "$ref": "#/definitions/SplitPaneAction" },
               { "$ref": "#/definitions/OpenSettingsAction" },
               { "$ref": "#/definitions/SetTabColorAction" },
+              { "$ref": "#/definitions/SetColorSchemeAction" },
               { "$ref": "#/definitions/WtAction" },
               { "$ref": "#/definitions/CloseOtherTabsAction" },
               { "$ref": "#/definitions/CloseTabsAfterAction" },
diff --git a/src/cascadia/TerminalApp/ActionAndArgs.cpp b/src/cascadia/TerminalApp/ActionAndArgs.cpp
index f784345ba5a..f4511a00d26 100644
--- a/src/cascadia/TerminalApp/ActionAndArgs.cpp
+++ b/src/cascadia/TerminalApp/ActionAndArgs.cpp
@@ -36,6 +36,7 @@ static constexpr std::string_view ToggleRetroEffectKey{ "toggleRetroEffect" };
 static constexpr std::string_view ToggleFocusModeKey{ "toggleFocusMode" };
 static constexpr std::string_view ToggleFullscreenKey{ "toggleFullscreen" };
 static constexpr std::string_view ToggleAlwaysOnTopKey{ "toggleAlwaysOnTop" };
+static constexpr std::string_view SetColorSchemeKey{ "setColorScheme" };
 static constexpr std::string_view SetTabColorKey{ "setTabColor" };
 static constexpr std::string_view OpenTabColorPickerKey{ "openTabColorPicker" };
 static constexpr std::string_view RenameTabKey{ "renameTab" };
@@ -83,6 +84,7 @@ namespace winrt::TerminalApp::implementation
         { ResizePaneKey, ShortcutAction::ResizePane },
         { MoveFocusKey, ShortcutAction::MoveFocus },
         { OpenSettingsKey, ShortcutAction::OpenSettings },
+        { SetColorSchemeKey, ShortcutAction::SetColorScheme },
         { ToggleRetroEffectKey, ShortcutAction::ToggleRetroEffect },
         { ToggleFocusModeKey, ShortcutAction::ToggleFocusMode },
         { ToggleFullscreenKey, ShortcutAction::ToggleFullscreen },
@@ -125,6 +127,8 @@ namespace winrt::TerminalApp::implementation
 
         { ShortcutAction::OpenSettings, winrt::TerminalApp::implementation::OpenSettingsArgs::FromJson },
 
+        { ShortcutAction::SetColorScheme, winrt::TerminalApp::implementation::SetColorSchemeArgs::FromJson },
+
         { ShortcutAction::SetTabColor, winrt::TerminalApp::implementation::SetTabColorArgs::FromJson },
 
         { ShortcutAction::RenameTab, winrt::TerminalApp::implementation::RenameTabArgs::FromJson },
@@ -280,6 +284,7 @@ namespace winrt::TerminalApp::implementation
                 { ShortcutAction::TogglePaneZoom, RS_(L"TogglePaneZoomCommandKey") },
                 { ShortcutAction::Invalid, L"" },
                 { ShortcutAction::Find, RS_(L"FindCommandKey") },
+                { ShortcutAction::SetColorScheme, L"" },
                 { ShortcutAction::SetTabColor, RS_(L"ResetTabColorCommandKey") },
                 { ShortcutAction::OpenTabColorPicker, RS_(L"OpenTabColorPickerCommandKey") },
                 { ShortcutAction::RenameTab, RS_(L"ResetTabNameCommandKey") },
diff --git a/src/cascadia/TerminalApp/ActionArgs.cpp b/src/cascadia/TerminalApp/ActionArgs.cpp
index 27425c58fc7..eedf3338d9a 100644
--- a/src/cascadia/TerminalApp/ActionArgs.cpp
+++ b/src/cascadia/TerminalApp/ActionArgs.cpp
@@ -15,6 +15,7 @@
 #include "AdjustFontSizeArgs.g.cpp"
 #include "SplitPaneArgs.g.cpp"
 #include "OpenSettingsArgs.g.cpp"
+#include "SetColorSchemeArgs.g.cpp"
 #include "SetTabColorArgs.g.cpp"
 #include "RenameTabArgs.g.cpp"
 #include "ExecuteCommandlineArgs.g.cpp"
@@ -229,6 +230,19 @@ namespace winrt::TerminalApp::implementation
         }
     }
 
+    winrt::hstring SetColorSchemeArgs::GenerateName() const
+    {
+        // "Set color scheme to "{_SchemeName}""
+        if (!_SchemeName.empty())
+        {
+            return winrt::hstring{
+                fmt::format(std::wstring_view(RS_(L"SetColorSchemeCommandKey")),
+                            _SchemeName.c_str())
+            };
+        }
+        return L"";
+    }
+
     winrt::hstring SetTabColorArgs::GenerateName() const
     {
         // "Set tab color to #RRGGBB"
diff --git a/src/cascadia/TerminalApp/ActionArgs.h b/src/cascadia/TerminalApp/ActionArgs.h
index 941b4716a8f..ac84dde5a5c 100644
--- a/src/cascadia/TerminalApp/ActionArgs.h
+++ b/src/cascadia/TerminalApp/ActionArgs.h
@@ -15,6 +15,7 @@
 #include "AdjustFontSizeArgs.g.h"
 #include "SplitPaneArgs.g.h"
 #include "OpenSettingsArgs.g.h"
+#include "SetColorSchemeArgs.g.h"
 #include "SetTabColorArgs.g.h"
 #include "RenameTabArgs.g.h"
 #include "ExecuteCommandlineArgs.g.h"
@@ -332,6 +333,38 @@ namespace winrt::TerminalApp::implementation
         }
     };
 
+    struct SetColorSchemeArgs : public SetColorSchemeArgsT<SetColorSchemeArgs>
+    {
+        SetColorSchemeArgs() = default;
+        GETSET_PROPERTY(winrt::hstring, SchemeName, L"");
+
+        static constexpr std::string_view NameKey{ "colorScheme" };
+
+    public:
+        hstring GenerateName() const;
+
+        bool Equals(const IActionArgs& other)
+        {
+            auto otherAsUs = other.try_as<SetColorSchemeArgs>();
+            if (otherAsUs)
+            {
+                return otherAsUs->_SchemeName == _SchemeName;
+            }
+            return false;
+        };
+        static FromJsonResult FromJson(const Json::Value& json)
+        {
+            // LOAD BEARING: Not using make_self here _will_ break you in the future!
+            auto args = winrt::make_self<SetColorSchemeArgs>();
+            JsonUtils::GetValueForKey(json, NameKey, args->_SchemeName);
+            if (args->_SchemeName.empty())
+            {
+                return { nullptr, { ::TerminalApp::SettingsLoadWarnings::MissingRequiredParameter } };
+            }
+            return { *args, {} };
+        }
+    };
+
     struct SetTabColorArgs : public SetTabColorArgsT<SetTabColorArgs>
     {
         SetTabColorArgs() = default;
diff --git a/src/cascadia/TerminalApp/ActionArgs.idl b/src/cascadia/TerminalApp/ActionArgs.idl
index bfeee27d3f6..e57c5243903 100644
--- a/src/cascadia/TerminalApp/ActionArgs.idl
+++ b/src/cascadia/TerminalApp/ActionArgs.idl
@@ -106,6 +106,11 @@ namespace TerminalApp
         SettingsTarget Target { get; };
     };
 
+    [default_interface] runtimeclass SetColorSchemeArgs : IActionArgs
+    {
+        String SchemeName { get; };
+    };
+
     [default_interface] runtimeclass SetTabColorArgs : IActionArgs
     {
         Windows.Foundation.IReference<UInt32> TabColor { get; };
diff --git a/src/cascadia/TerminalApp/AppActionHandlers.cpp b/src/cascadia/TerminalApp/AppActionHandlers.cpp
index c58a95b248c..1f062241e04 100644
--- a/src/cascadia/TerminalApp/AppActionHandlers.cpp
+++ b/src/cascadia/TerminalApp/AppActionHandlers.cpp
@@ -291,6 +291,27 @@ namespace winrt::TerminalApp::implementation
         args.Handled(true);
     }
 
+    void TerminalPage::_HandleSetColorScheme(const IInspectable& /*sender*/,
+                                             const TerminalApp::ActionEventArgs& args)
+    {
+        args.Handled(false);
+        if (const auto& realArgs = args.ActionArgs().try_as<TerminalApp::SetColorSchemeArgs>())
+        {
+            if (auto activeTab = _GetFocusedTab())
+            {
+                if (auto activeControl = activeTab->GetActiveTerminalControl())
+                {
+                    auto controlSettings = activeControl.Settings();
+                    if (_settings->ApplyColorScheme(controlSettings, realArgs.SchemeName()))
+                    {
+                        activeControl.UpdateSettings(controlSettings);
+                        args.Handled(true);
+                    }
+                }
+            }
+        }
+    }
+
     void TerminalPage::_HandleSetTabColor(const IInspectable& /*sender*/,
                                           const TerminalApp::ActionEventArgs& args)
     {
diff --git a/src/cascadia/TerminalApp/CascadiaSettings.cpp b/src/cascadia/TerminalApp/CascadiaSettings.cpp
index 1206437256f..bca917d8480 100644
--- a/src/cascadia/TerminalApp/CascadiaSettings.cpp
+++ b/src/cascadia/TerminalApp/CascadiaSettings.cpp
@@ -744,3 +744,26 @@ const ColorScheme* CascadiaSettings::GetColorSchemeForProfile(const GUID profile
         return nullptr;
     }
 }
+
+// Method Description:
+// - Apply the color scheme (provided by name) to the given IControlSettings.
+//   The settings are modified in-place.
+// - If the name doesn't correspond to any of our schemes, this does nothing.
+// Arguments:
+// - settings: the IControlSettings object to modify
+// - name: the name of the scheme to apply
+// Return Value:
+// - true iff we found a matching scheme for the name schemeName
+bool CascadiaSettings::ApplyColorScheme(winrt::Microsoft::Terminal::TerminalControl::IControlSettings& settings,
+                                        std::wstring_view schemeName)
+{
+    std::wstring name{ schemeName };
+    auto schemeAndName = _globals.GetColorSchemes().find(name);
+    if (schemeAndName != _globals.GetColorSchemes().end())
+    {
+        const auto& scheme = schemeAndName->second;
+        scheme.ApplyScheme(settings);
+        return true;
+    }
+    return false;
+}
diff --git a/src/cascadia/TerminalApp/CascadiaSettings.h b/src/cascadia/TerminalApp/CascadiaSettings.h
index 08a65fba5d7..981264e10f2 100644
--- a/src/cascadia/TerminalApp/CascadiaSettings.h
+++ b/src/cascadia/TerminalApp/CascadiaSettings.h
@@ -74,6 +74,8 @@ class TerminalApp::CascadiaSettings final
 
     std::vector<TerminalApp::SettingsLoadWarnings>& GetWarnings();
 
+    bool ApplyColorScheme(winrt::Microsoft::Terminal::TerminalControl::IControlSettings& settings, std::wstring_view schemeName);
+
 private:
     GlobalAppSettings _globals;
     std::vector<Profile> _profiles;
diff --git a/src/cascadia/TerminalApp/ColorScheme.cpp b/src/cascadia/TerminalApp/ColorScheme.cpp
index b04090b6e03..af70c3595e4 100644
--- a/src/cascadia/TerminalApp/ColorScheme.cpp
+++ b/src/cascadia/TerminalApp/ColorScheme.cpp
@@ -67,7 +67,7 @@ ColorScheme::~ColorScheme()
 // - terminalSettings: the object to apply our settings to.
 // Return Value:
 // - <none>
-void ColorScheme::ApplyScheme(TerminalSettings terminalSettings) const
+void ColorScheme::ApplyScheme(const winrt::Microsoft::Terminal::TerminalControl::IControlSettings& terminalSettings) const
 {
     terminalSettings.DefaultForeground(static_cast<COLORREF>(_defaultForeground));
     terminalSettings.DefaultBackground(static_cast<COLORREF>(_defaultBackground));
diff --git a/src/cascadia/TerminalApp/ColorScheme.h b/src/cascadia/TerminalApp/ColorScheme.h
index 4eafdc75b7c..2267eb8f006 100644
--- a/src/cascadia/TerminalApp/ColorScheme.h
+++ b/src/cascadia/TerminalApp/ColorScheme.h
@@ -37,7 +37,7 @@ class TerminalApp::ColorScheme
     ColorScheme(std::wstring name, til::color defaultFg, til::color defaultBg, til::color cursorColor);
     ~ColorScheme();
 
-    void ApplyScheme(winrt::TerminalApp::TerminalSettings terminalSettings) const;
+    void ApplyScheme(const winrt::Microsoft::Terminal::TerminalControl::IControlSettings& terminalSettings) const;
 
     static ColorScheme FromJson(const Json::Value& json);
     bool ShouldBeLayered(const Json::Value& json) const;
diff --git a/src/cascadia/TerminalApp/Resources/en-US/Resources.resw b/src/cascadia/TerminalApp/Resources/en-US/Resources.resw
index 25fc712d10f..aaded2a06b4 100644
--- a/src/cascadia/TerminalApp/Resources/en-US/Resources.resw
+++ b/src/cascadia/TerminalApp/Resources/en-US/Resources.resw
@@ -529,6 +529,10 @@
   <data name="ToggleCommandPaletteCommandKey" xml:space="preserve">
     <value>Toggle command palette</value>
   </data>
+  <data name="SetColorSchemeCommandKey" xml:space="preserve">
+    <value>Set color scheme to {0}</value>
+    <comment>{0} will be replaced with the name of a color scheme as defined by the user.</comment>
+  </data>
   <data name="SetTabColorCommandKey" xml:space="preserve">
     <value>Set tab color to {0}</value>
     <comment>{0} will be replaced with a color, displayed in hexadecimal (#RRGGBB) notation.</comment>
diff --git a/src/cascadia/TerminalApp/ShortcutActionDispatch.cpp b/src/cascadia/TerminalApp/ShortcutActionDispatch.cpp
index 2f6a1a280c6..862eb1a9de6 100644
--- a/src/cascadia/TerminalApp/ShortcutActionDispatch.cpp
+++ b/src/cascadia/TerminalApp/ShortcutActionDispatch.cpp
@@ -185,6 +185,11 @@ namespace winrt::TerminalApp::implementation
             _ToggleCommandPaletteHandlers(*this, *eventArgs);
             break;
         }
+        case ShortcutAction::SetColorScheme:
+        {
+            _SetColorSchemeHandlers(*this, *eventArgs);
+            break;
+        }
         case ShortcutAction::SetTabColor:
         {
             _SetTabColorHandlers(*this, *eventArgs);
diff --git a/src/cascadia/TerminalApp/ShortcutActionDispatch.h b/src/cascadia/TerminalApp/ShortcutActionDispatch.h
index 963bfbea447..1005129b531 100644
--- a/src/cascadia/TerminalApp/ShortcutActionDispatch.h
+++ b/src/cascadia/TerminalApp/ShortcutActionDispatch.h
@@ -52,6 +52,7 @@ namespace winrt::TerminalApp::implementation
         TYPED_EVENT(ToggleFullscreen,     TerminalApp::ShortcutActionDispatch, TerminalApp::ActionEventArgs);
         TYPED_EVENT(ToggleAlwaysOnTop,    TerminalApp::ShortcutActionDispatch, TerminalApp::ActionEventArgs);
         TYPED_EVENT(ToggleCommandPalette, TerminalApp::ShortcutActionDispatch, TerminalApp::ActionEventArgs);
+        TYPED_EVENT(SetColorScheme,       TerminalApp::ShortcutActionDispatch, TerminalApp::ActionEventArgs);
         TYPED_EVENT(SetTabColor,          TerminalApp::ShortcutActionDispatch, TerminalApp::ActionEventArgs);
         TYPED_EVENT(OpenTabColorPicker,   TerminalApp::ShortcutActionDispatch, TerminalApp::ActionEventArgs);
         TYPED_EVENT(RenameTab,            TerminalApp::ShortcutActionDispatch, TerminalApp::ActionEventArgs);
diff --git a/src/cascadia/TerminalApp/ShortcutActionDispatch.idl b/src/cascadia/TerminalApp/ShortcutActionDispatch.idl
index 4136e44a97e..83681760755 100644
--- a/src/cascadia/TerminalApp/ShortcutActionDispatch.idl
+++ b/src/cascadia/TerminalApp/ShortcutActionDispatch.idl
@@ -37,6 +37,7 @@ namespace TerminalApp
         ToggleFullscreen,
         ToggleAlwaysOnTop,
         OpenSettings,
+        SetColorScheme,
         SetTabColor,
         OpenTabColorPicker,
         RenameTab,
@@ -86,6 +87,7 @@ namespace TerminalApp
         event Windows.Foundation.TypedEventHandler<ShortcutActionDispatch, ActionEventArgs> ToggleFullscreen;
         event Windows.Foundation.TypedEventHandler<ShortcutActionDispatch, ActionEventArgs> ToggleAlwaysOnTop;
         event Windows.Foundation.TypedEventHandler<ShortcutActionDispatch, ActionEventArgs> ToggleCommandPalette;
+        event Windows.Foundation.TypedEventHandler<ShortcutActionDispatch, ActionEventArgs> SetColorScheme;
         event Windows.Foundation.TypedEventHandler<ShortcutActionDispatch, ActionEventArgs> SetTabColor;
         event Windows.Foundation.TypedEventHandler<ShortcutActionDispatch, ActionEventArgs> OpenTabColorPicker;
         event Windows.Foundation.TypedEventHandler<ShortcutActionDispatch, ActionEventArgs> RenameTab;
diff --git a/src/cascadia/TerminalApp/TerminalPage.cpp b/src/cascadia/TerminalApp/TerminalPage.cpp
index 309fb12fe09..3b245440c03 100644
--- a/src/cascadia/TerminalApp/TerminalPage.cpp
+++ b/src/cascadia/TerminalApp/TerminalPage.cpp
@@ -890,6 +890,7 @@ namespace winrt::TerminalApp::implementation
         _actionDispatch->ToggleFullscreen({ this, &TerminalPage::_HandleToggleFullscreen });
         _actionDispatch->ToggleAlwaysOnTop({ this, &TerminalPage::_HandleToggleAlwaysOnTop });
         _actionDispatch->ToggleCommandPalette({ this, &TerminalPage::_HandleToggleCommandPalette });
+        _actionDispatch->SetColorScheme({ this, &TerminalPage::_HandleSetColorScheme });
         _actionDispatch->SetTabColor({ this, &TerminalPage::_HandleSetTabColor });
         _actionDispatch->OpenTabColorPicker({ this, &TerminalPage::_HandleOpenTabColorPicker });
         _actionDispatch->RenameTab({ this, &TerminalPage::_HandleRenameTab });
diff --git a/src/cascadia/TerminalApp/TerminalPage.h b/src/cascadia/TerminalApp/TerminalPage.h
index 1228226f6c1..30ca3bced58 100644
--- a/src/cascadia/TerminalApp/TerminalPage.h
+++ b/src/cascadia/TerminalApp/TerminalPage.h
@@ -222,6 +222,7 @@ namespace winrt::TerminalApp::implementation
         void _HandleToggleFocusMode(const IInspectable& sender, const TerminalApp::ActionEventArgs& args);
         void _HandleToggleFullscreen(const IInspectable& sender, const TerminalApp::ActionEventArgs& args);
         void _HandleToggleAlwaysOnTop(const IInspectable& sender, const TerminalApp::ActionEventArgs& args);
+        void _HandleSetColorScheme(const IInspectable& sender, const TerminalApp::ActionEventArgs& args);
         void _HandleSetTabColor(const IInspectable& sender, const TerminalApp::ActionEventArgs& args);
         void _HandleOpenTabColorPicker(const IInspectable& sender, const TerminalApp::ActionEventArgs& args);
         void _HandleRenameTab(const IInspectable& sender, const TerminalApp::ActionEventArgs& args);
diff --git a/src/cascadia/TerminalControl/TermControl.cpp b/src/cascadia/TerminalControl/TermControl.cpp
index d14fb9c9061..245413fe75c 100644
--- a/src/cascadia/TerminalControl/TermControl.cpp
+++ b/src/cascadia/TerminalControl/TermControl.cpp
@@ -2838,6 +2838,11 @@ namespace winrt::Microsoft::Terminal::TerminalControl::implementation
         _renderer->ResetErrorStateAndResume();
     }
 
+    IControlSettings TermControl::Settings() const
+    {
+        return _settings;
+    }
+
     Windows::Foundation::IReference<winrt::Windows::UI::Color> TermControl::TabColor() noexcept
     {
         auto coreColor = _terminal->GetTabColor();
diff --git a/src/cascadia/TerminalControl/TermControl.h b/src/cascadia/TerminalControl/TermControl.h
index f3d91c5c0b3..a3f26712962 100644
--- a/src/cascadia/TerminalControl/TermControl.h
+++ b/src/cascadia/TerminalControl/TermControl.h
@@ -102,6 +102,7 @@ namespace winrt::Microsoft::Terminal::TerminalControl::implementation
         const Windows::UI::Xaml::Thickness GetPadding();
 
         TerminalConnection::ConnectionState ConnectionState() const;
+        IControlSettings Settings() const;
 
         static Windows::Foundation::Size GetProposedDimensions(IControlSettings const& settings, const uint32_t dpi);
         static Windows::Foundation::Size GetProposedDimensions(const winrt::Windows::Foundation::Size& initialSizeInChars,
diff --git a/src/cascadia/TerminalControl/TermControl.idl b/src/cascadia/TerminalControl/TermControl.idl
index 89e4634e968..85b6e602cfd 100644
--- a/src/cascadia/TerminalControl/TermControl.idl
+++ b/src/cascadia/TerminalControl/TermControl.idl
@@ -39,6 +39,8 @@ namespace Microsoft.Terminal.TerminalControl
 
         void UpdateSettings(Microsoft.Terminal.TerminalControl.IControlSettings newSettings);
 
+        Microsoft.Terminal.TerminalControl.IControlSettings Settings { get; };
+
         event TitleChangedEventArgs TitleChanged;
         event FontSizeChangedEventArgs FontSizeChanged;
         event Windows.Foundation.TypedEventHandler<TermControl, CopyToClipboardEventArgs> CopyToClipboard;