Addressing Climate Financial Risk Act of 2020
USA116th CongressS-5041| Senate
| Updated: 12/17/2020
Dianne Feinstein
Democratic Senator
California
Cosponsors (1)
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Addressing Climate Financial Risk Act of 2020 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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S7592)
Finance and Financial Sector
Advisory bodiesAir qualityBanking and financial institutions regulationClimate change and greenhouse gasesCongressional oversightExecutive agency funding and structureFinancial crises and stabilizationFinancial services and investmentsFinancial Stability Oversight CouncilInsurance industry and regulationIntergovernmental relationsInternational organizations and cooperationLife, casualty, property insuranceState and local government operations
Addressing Climate Financial Risk Act of 2020
USA116th CongressS-5041| Senate
| Updated: 12/17/2020
Addressing Climate Financial Risk Act of 2020 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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S7592)
Dianne Feinstein
Democratic Senator
California
Cosponsors (1)
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Advisory bodiesAir qualityBanking and financial institutions regulationClimate change and greenhouse gasesCongressional oversightExecutive agency funding and structureFinancial crises and stabilizationFinancial services and investmentsFinancial Stability Oversight CouncilInsurance industry and regulationIntergovernmental relationsInternational organizations and cooperationLife, casualty, property insuranceState and local government operations