Skip to main content
S 588 117th Congress Senate Finance and Financial Sector Advisory bodies Air quality Banking and financial institutions regulation Climate change and greenhouse gases Congressional oversight Executive agency funding and structure Financial Stability Oversight Council Financial crises and stabilization Financial services and investments Insurance industry and regulation Intergovernmental relations International organizations and cooperation Life, casualty, property insurance State and local government operations

Addressing Climate Financial Risk Act of 2021

Introduced: March 4, 2021 See on congress.gov
Sign in to write a letter Sign in to watch
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
Mar 4, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 4, 2021
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Addressing Climate Financial Risk Act of 2021

This bill establishes the Climate Risk Advisory Committee that must consult with the Financial Stability Oversight Council of the Department of the Treasury regarding a report on the impact of climate risk on U.S. financial stability.

Additionally, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration must include climate risk in the guidance provided to a supervised financial institution.

What's happening now March 4, 2021

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

 Related & companion bills 1
  • HR 1549 Identical bill Addressing Climate Financial Risk Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 6
D
Cortez Masto, Catherine
Nevada · Mar 4, 2021
 D
Heinrich, Martin
New Mexico · Mar 4, 2021
 D
Merkley, Jeff
Oregon · Mar 4, 2021
 D
Padilla, Alex
California · Mar 4, 2021
 D
Schatz, Brian
Hawaii · Mar 4, 2021
 D
Warren, Elizabeth
Massachusetts · Mar 4, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 588: Addressing Climate Financial Risk Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-588/
MLA
"S. 588: Addressing Climate Financial Risk Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-588/.
Bluebook (legal)
S. 588, 117th Cong. (2026), https://openamerica.io/bill/117-S-588/.
Markdown link
[S. 588: Addressing Climate Financial Risk Act of 2021](https://openamerica.io/bill/117-S-588/)
Report a problem