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Bill116th CongressFiled Jul 5, 2019Finance and Financial Sector
H.R. 3623

Climate Risk Disclosure Act of 2019

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house, part i (Oct 27, 2020)

Climate Risk Disclosure Act of 2019

This bill directs the Securities and Exchange Commission (SEC) to require an issuer of securities to annually disclose information regarding climate change-related risks posed to the issuer, including an issuer's strategies and actions to mitigate these risks.

Among other things, issuers must (1) report their direct and indirect greenhouse-gas emissions, (2) disclose their fossil fuel-related assets, and (3) establish standards regarding the social cost of carbon.

What just happenedOct 27, 2020

Placed on the Union Calendar, Calendar No. 461.

Who’s behind it

Rep. Casten, Sean [D-IL-6](D-IL)Sponsor
35 cosponsors35 D
Read on Congress.gov
35cosponsors2committees12actions1related bills9subjects
  1. Oct 27, 2020CalendarsH12410

    Placed on the Union Calendar, Calendar No. 461.

  2. Oct 27, 2020DischargeH12300

    Committee on Energy and Commerce discharged.

    Energy and Commerce Committee
  3. Oct 27, 2020Committee5500

    Committee on Energy and Commerce discharged.

    Energy and Commerce Committee
  4. Oct 27, 2020CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-563, Part I.

    Financial Services Committee
  5. Oct 27, 2020Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-563, Part I.

    Financial Services Committee
  6. Jul 16, 2019Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.

    Financial Services Committee
  7. Jul 16, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  8. Jul 8, 2019Committee

    Referred to the Subcommittee on Environment and Climate Change.

    Environment, Manufacturing, and Critical Materials Subcommittee
  9. Jul 5, 2019IntroReferralH11100

    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.

    Energy and Commerce Committee
  10. Jul 5, 2019IntroReferralH11100

    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.

    Financial Services Committee
  11. Jul 5, 2019IntroReferralIntro-H

    Introduced in House

  12. Jul 5, 2019IntroReferral1000

    Introduced in House

Reported to House, Part IOct 27, 20208

Climate Risk Disclosure Act of 2019

This bill directs the Securities and Exchange Commission (SEC) to require an issuer of securities to annually disclose information regarding climate change-related risks posed to the issuer, including an issuer's strategies and actions to mitigate these risks.

Among other things, issuers must (1) report their direct and indirect greenhouse-gas emissions, (2) disclose their fossil fuel-related assets, and (3) establish standards regarding the social cost of carbon.

Introduced in HouseJul 5, 2019

Climate Risk Disclosure Act of 2019

This bill directs the Securities and Exchange Commission (SEC) to require an issuer of securities to annually disclose information regarding climate change-related risks posed to the issuer, including an issuer's strategies and actions to mitigate these risks.

Among other things, issuers must (1) report their direct and indirect greenhouse-gas emissions, (2) disclose their fossil fuel-related assets, and (3) establish standards regarding the social cost of carbon.

Climate Risk Disclosure Act of 2019 — Informed