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2021-05-31
Environment, Manufacturing, and Critical Materials Subcommittee
hsif18
1
House committee actions
Referred to the Subcommittee on Environment and Climate Change.
Committee
H11100
2021-05-28
Energy and Commerce Committee
hsif00
2
House floor actions
Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2021-05-28
Financial Services Committee
hsba00
2
House floor actions
Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
Intro-H
2021-05-28
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-05-28
9
Library of Congress
Introduced in House
IntroReferral
2021-05-28T14:12:45Z
Referred to
House
Energy and Commerce Committee
2021-05-31T20:00:16Z
Referred to
Environment, Manufacturing, and Critical Materials Subcommittee
hsif18
hsif00
Standing
2021-05-28T14:12:40Z
Referred to
House
Financial Services Committee
hsba00
Standing
P000608
52
Scott
Rep. Peters, Scott H. [D-CA-52]
Peters
H.
D
2021-05-28
CA
L000593
49
Mike
Rep. Levin, Mike [D-CA-49]
Levin
D
2021-05-28
CA
Q000023
5
Mike
Rep. Quigley, Mike [D-IL-5]
Quigley
D
2021-05-28
IL
G000551
3
Raúl
Rep. Grijalva, Raúl M. [D-AZ-3]
Grijalva
M.
D
2021-05-28
AZ
J000298
7
Pramila
Rep. Jayapal, Pramila [D-WA-7]
Jayapal
D
2021-11-16
WA
H001068
2
Jared
Rep. Huffman, Jared [D-CA-2]
Huffman
D
2022-07-12
CA
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-05-28
2021-05-31
Referred to the Subcommittee on Environment and Climate Change.
House
Finance and Financial Sector
2021-05-27
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
CRS
Identical bill
Climate Change Financial Risk Act of 2021
S
C001117
6
Sean
Rep. Casten, Sean [D-IL-6]
N
Casten
D
IL
Advisory bodies Air quality Bank accounts, deposits, capital Banking and financial institutions regulation Climate change and greenhouse gases Congressional oversight Economic performance and conditions Farmland Federal Reserve System Financial Stability Oversight Council Financial crises and stabilization Fires Floods and storm protection Foreign and international banking Government information and archives Government studies and investigations International organizations and cooperation Land use and conservation Marine and coastal resources, fisheries
2021-05-28
Introduced in House
 <p><b>Climate Change Financial Risk Act of 2021</b></p> <p>This bill addresses climate change risk and its potential impact on the financial system. </p> <p>The Federal Reserve Board must develop financial risk analyses relating to climate change for specified large nonbank financial companies and bank holding companies. Specifically, these entities will be evaluated every two years on whether they have the capital necessary to absorb financial losses that would arise under several different climate change risk scenarios. </p> <p>The bill also establishes the Climate Risk Scenario Technical Development Group to provide recommendations to the board regarding such climate change risk scenarios, and determine the financial and economic risks of these scenarios. </p> <p>The Financial Stability Oversight Council of the Department of the Treasury must establish a committee to assist it in identifying risks and responding to threats to the financial system as a result of climate change. </p>
2021-11-22T15:06:08Z
00
2021-05-28T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr3571ih/xml/BILLS-117hr3571ih.xml
Climate Change Financial Risk Act of 2021
Climate Change Financial Risk Act of 2021
Display Title
IH
Introduced in House
To require the Board of Governors of the Federal Reserve System, in consultation with the heads of other relevant Federal agencies, to develop and conduct financial risk analyses relating to climate change, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Climate Change Financial Risk Act of 2021
Short Title(s) as Introduced
HR
2023-03-08T19:58:39Z
2023-03-08T19:58:39Z
3.0.0
2021-05-27
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
CRS
Identical bill
Climate Change Financial Risk Act of 2021
S
2021-05-31
Environment, Manufacturing, and Critical Materials Subcommittee
hsif18
1
House committee actions
Referred to the Subcommittee on Environment and Climate Change.
Committee
H11100
2021-05-28
Energy and Commerce Committee
hsif00
2
House floor actions
Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2021-05-28
Financial Services Committee
hsba00
2
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Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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2021-05-28
9
Library of Congress
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1000
2021-05-28
9
Library of Congress
Introduced in House
IntroReferral
C001117
6
Sean
Rep. Casten, Sean [D-IL-6]
N
Casten
D
IL
P000608
52
Scott
Rep. Peters, Scott H. [D-CA-52]
Peters
H.
D
2021-05-28
CA
L000593
49
Mike
Rep. Levin, Mike [D-CA-49]
Levin
D
2021-05-28
CA
Q000023
5
Mike
Rep. Quigley, Mike [D-IL-5]
Quigley
D
2021-05-28
IL
G000551
3
Raúl
Rep. Grijalva, Raúl M. [D-AZ-3]
Grijalva
M.
D
2021-05-28
AZ
J000298
7
Pramila
Rep. Jayapal, Pramila [D-WA-7]
Jayapal
D
2021-11-16
WA
H001068
2
Jared
Rep. Huffman, Jared [D-CA-2]
Huffman
D
2022-07-12
CA
Advisory bodies Air quality Bank accounts, deposits, capital Banking and financial institutions regulation Climate change and greenhouse gases Congressional oversight Economic performance and conditions Farmland Federal Reserve System Financial Stability Oversight Council Financial crises and stabilization Fires Floods and storm protection Foreign and international banking Government information and archives Government studies and investigations International organizations and cooperation Land use and conservation Marine and coastal resources, fisheries
2021-05-28
Introduced in House
 <p><b>Climate Change Financial Risk Act of 2021</b></p> <p>This bill addresses climate change risk and its potential impact on the financial system. </p> <p>The Federal Reserve Board must develop financial risk analyses relating to climate change for specified large nonbank financial companies and bank holding companies. Specifically, these entities will be evaluated every two years on whether they have the capital necessary to absorb financial losses that would arise under several different climate change risk scenarios. </p> <p>The bill also establishes the Climate Risk Scenario Technical Development Group to provide recommendations to the board regarding such climate change risk scenarios, and determine the financial and economic risks of these scenarios. </p> <p>The Financial Stability Oversight Council of the Department of the Treasury must establish a committee to assist it in identifying risks and responding to threats to the financial system as a result of climate change. </p>
2021-11-22T15:06:08Z
00
Climate Change Financial Risk Act of 2021
Climate Change Financial Risk Act of 2021
Display Title
IH
Introduced in House
To require the Board of Governors of the Federal Reserve System, in consultation with the heads of other relevant Federal agencies, to develop and conduct financial risk analyses relating to climate change, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Climate Change Financial Risk Act of 2021
Short Title(s) as Introduced
2021-05-31
Referred to the Subcommittee on Environment and Climate Change.