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S. 5264 117th Congress Senate

Protecting America's Economy from the Carbon Bubble Act of 2022

Official title: A bill to amend the Bank Holding Company Act of 1956 to prohibit bank holding companies from facilitating fossil fuel production from new sources, or from faci… Show full official titleShow less

Official title: A bill to amend the Bank Holding Company Act of 1956 to prohibit bank holding companies from facilitating fossil fuel production from new sources, or from facilitating transactions that would provide funds for the construction of new or expanded fossil infrastructure that would drive such production, and for other purposes.

Introduced: December 15, 2022 Introduced by: Jeff Merkley Democratic · Oregon See on congress.gov
Finance and Financial Sector
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Dec 15, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 15, 2022
Introduced in Senate
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 Latest action December 15, 2022

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 2022

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 fund 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. 5264: Protecting America's Economy from the Carbon Bubble Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-S-5264/
MLA
"S. 5264: Protecting America's Economy from the Carbon Bubble Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-5264/.
Bluebook (legal)
S. 5264, 117th Cong. (2026), https://openamerica.io/bill/117-S-5264/.
Markdown link
[S. 5264: Protecting America's Economy from the Carbon Bubble Act of 2022](https://openamerica.io/bill/117-S-5264/)
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