HR 4888
118th Congress
House
Finance and Financial Sector
Polluter Portfolio Disclosure Act
Introduced: July 25, 2023
Introduced by:
Schiff, Adam B.
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2023
Referred to the House Committee on Financial Services.
Jul 25, 2023
Introduced in House
Plain-English summary
Polluter Portfolio Disclosure Act
This bill requires certain insurance companies to annually disclose investments in, and insurance policies relating to, fossil fuel extraction. Specifically, insurance companies that annually collect premiums of at least $100 million must report this information to Congress, the Office of Financial Research, the Financial Stability Oversight Counsel, and the Federal Insurance Office.
The Office of Financial Research, the Financial Stability Oversight Counsel, and the Federal Insurance Office must use this information to enhance monitoring of financial risks to consumers, individual insurance companies, and the financial system.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1