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
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
Plain-English summary
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
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1