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S. 4835 116th Congress Senate

Protecting America's Economy from the Carbon Bubble Act of 2020

Official title: A bill to prohibit bank holding companies from facilitating fossil fuel production from new sources or new or expanded fossil infrastructure that would drive such production, and for other purposes.

Introduced: October 21, 2020 Introduced by: Jeff Merkley Democratic · Oregon See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationCivil actions and liabilityCoalCorporate finance and management
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Credit and credit marketsFinancial services and investmentsFraud offenses and financial crimesOil and gasSecurities
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 21, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 21, 2020
Introduced in Senate
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 Latest action October 21, 2020

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Protecting America's Economy from the Carbon Bubble Act of 2020

This bill prohibits certain financial companies (including bank holding companies, savings and loan holding companies, and insured depository institutions) from involvement in fossil fuel production. Prohibited activities include

  • providing loans to and making investments in fossil fuel companies or projects,
  • facilitating transactions that funds new fossil fuel production,
  • securitizing assets that provide funds for new fossil fuel production, and
  • entering into certain derivatives transactions related to new fossil fuel production.

Violators are subject to criminal and civil penalties.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 4835: Protecting America's Economy from the Carbon Bubble Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-4835/
MLA
"S. 4835: Protecting America's Economy from the Carbon Bubble Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4835/.
Bluebook (legal)
S. 4835, 116th Cong. (2026), https://openamerica.io/bill/116-S-4835/.
Markdown link
[S. 4835: Protecting America's Economy from the Carbon Bubble Act of 2020](https://openamerica.io/bill/116-S-4835/)
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