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HR 5194 116th Congress House Finance and Financial Sector Advisory bodies Air quality Bank accounts, deposits, capital Banking and financial institutions regulation Climate change and greenhouse gases Congressional oversight Economic performance and conditions Farmland Federal Reserve System Financial Stability Oversight Council Financial crises and stabilization Fires Floods and storm protection Foreign and international banking International organizations and cooperation Land use and conservation Marine and coastal resources, fisheries

Climate Change Financial Risk Act of 2019

Introduced: November 20, 2019 Introduced by: Casten, Sean Democratic · Illinois See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 21, 2019
Referred to the Subcommittee on Environment and Climate Change.
Nov 20, 2019
Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Nov 20, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

Climate Change Financial Risk Act of 2019

This bill addresses climate change risk and its potential impact on the financial system.

The Federal Reserve Board must develop financial risk analyses relating to climate change for specified large nonbank financial companies and bank holding companies. Specifically, these entities will be evaluated every two years on whether they have the capital necessary to absorb financial losses that would arise under several different climate change risk scenarios.

The bill also establishes the Climate Risk Scenario Technical Development Group to provide recommendations to the board regarding such climate change risk scenarios, and determine the financial and economic risks of these scenarios.

The Financial Stability Oversight Council of the Department of the Treasury must establish a subcommittee to assist it in identifying risks and responding to threats to the financial system as a result of climate change.

What's happening now November 21, 2019

Referred to the Subcommittee on Environment and Climate Change.

 Related & companion bills 1
  • S 2903 Identical bill Climate Change Financial Risk Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 12
All 12 Democratic 10
D
Dean, Madeleine
Pennsylvania · Sep 16, 2020
 D
Cleaver, Emanuel
Missouri · Aug 11, 2020
 D
Levin, Mike
California · Aug 11, 2020
 D
Quigley, Mike
Illinois · Aug 11, 2020
Gabbard, Tulsi
· Dec 6, 2019
 D
Vargas, Juan
California · Dec 6, 2019
 D
Lynch, Stephen F.
Massachusetts · Nov 21, 2019
 D
Bonamici, Suzanne
Oregon · Nov 20, 2019
 D
Brownley, Julia
California · Nov 20, 2019
Kennedy, Joseph
· Nov 20, 2019
 D
Peters, Scott H.
California · Nov 20, 2019
 D
Tonko, Paul
New York · Nov 20, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5194: Climate Change Financial Risk Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-5194/
MLA
"H.R. 5194: Climate Change Financial Risk Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-5194/.
Bluebook (legal)
H.R. 5194, 116th Cong. (2026), https://openamerica.io/bill/116-HR-5194/.
Markdown link
[H.R. 5194: Climate Change Financial Risk Act of 2019](https://openamerica.io/bill/116-HR-5194/)
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