Legis Daily

Polluter Portfolio Disclosure Act

USA118th CongressHR-4888| House 
| Updated: 7/25/2023
Adam B. Schiff

Adam B. Schiff

Democratic Representative

California

Cosponsors (7)
Jared Huffman (Democratic)Barbara Lee (Democratic)Kathy Castor (Democratic)Seth Magaziner (Democratic)Rashida Tlaib (Democratic)Lloyd Doggett (Democratic)Mike Levin (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jul 25, 2023
Introduced in House
Jul 25, 2023
Referred to the House Committee on Financial Services.
  • July 25, 2023
    Introduced in House


  • July 25, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Polluter Portfolio Disclosure Act

USA118th CongressHR-4888| House 
| Updated: 7/25/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 25, 2023
Introduced in House
Jul 25, 2023
Referred to the House Committee on Financial Services.
  • July 25, 2023
    Introduced in House


  • July 25, 2023
    Referred to the House Committee on Financial Services.
Adam B. Schiff

Adam B. Schiff

Democratic Representative

California

Cosponsors (7)
Jared Huffman (Democratic)Barbara Lee (Democratic)Kathy Castor (Democratic)Seth Magaziner (Democratic)Rashida Tlaib (Democratic)Lloyd Doggett (Democratic)Mike Levin (Democratic)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted