Climate Change Financial Risk Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- +7
- Latest action
- Apr 10, 2025
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What it does
Climate Change Financial Risk Act of 2025 This bill addresses climate change risk and its potential impact on the financial system. The Federal Reserve Board must develop financial risk analyses relating to climate change for certain large nonbank financial companies and bank holding companies. Specifically, these entities must 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. In response to the results of the evaluation, entities must develop and submit for approval a climate risk resolution plan. The plan must include a capital policy with respect to climate risk…
Official summary · Introduced in House · Apr 10, 2025
Titles and provisions can change as the bill moves.
What moved
Who is involved
- Rep. Casten, Sean [D-IL-6]Lead sponsor
- Rep. Carbajal, Salud O. [D-CA-24]Co-sponsor
- Rep. Carson, André [D-IN-7]Co-sponsor
- Rep. Cleaver, Emanuel [D-MO-5]Co-sponsor
- Rep. Elfreth, Sarah [D-MD-3]Co-sponsor
- Rep. Green, Al [D-TX-9]Co-sponsor
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Rep. Casten, Sean [D-IL-6]
- Rep. Carbajal, Salud O. [D-CA-24]
- Rep. Carson, André [D-IN-7]
- Rep. Cleaver, Emanuel [D-MO-5]
- Rep. Elfreth, Sarah [D-MD-3]
- Rep. Green, Al [D-TX-9]
- Rep. Huffman, Jared [D-CA-2]
- Rep. Levin, Mike [D-CA-49]
- Rep. Lynch, Stephen F. [D-MA-8]
- Rep. Magaziner, Seth [D-RI-2]
- Rep. Mullin, Kevin [D-CA-15]
In the news
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Work with this bill
Where it goes next
While a bill can still move, the questions are about people and money.
- Who sits in the seats that vote on itA roster is not a certified tally, and a filing is not a place on the ballot.
- Who funds the people decidingA receipt is not backing. A contribution does not establish a policy motive.
- Who is paid to be heardNaming an institution is the filer's account, not a record of any meeting.
- Bills still moving in CongressNewest first, the ones that can still change