Addressing Climate Financial Risk Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Dec 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.
What just happenedDec 17, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S7592)
Who’s behind it
- Introduced in SenateDec 17, 2020
- Dec 17, 2020IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S7592)
Banking, Housing, and Urban Affairs Committee - Dec 17, 2020IntroReferral10000
Introduced in Senate