HR 7246
Addressing Climate Financial Risk Act of 2026
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 3:00 AM
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill establishes two new committees within the Financial Stability Oversight Council to specifically address climate-related financial risks. The Climate Financial Risk Committee will focus on identifying and mitigating these risks, while the Advisory Committee on Climate Risk will provide expert advice. The bill also mandates updates to supervisory guidance for banks and credit unions, requires the Federal Insurance Office to assess the impact of climate risks on the insurance sector, and directs the Office to collect and analyze homeowners insurance data. Finally, it encourages greater international coordination on climate financial risk.
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