HR 9059
Climate Protection and Sustainable Communities Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Climate Protection and Sustainable Communities Act, requires federal financial regulators to assess how well financial institutions are meeting the environmental investment needs of their communities as part of routine examinations. It aims to hold these institutions accountable for contributing to climate change and to ensure they are supporting sustainable investments, particularly in low- and moderate-income neighborhoods. The bill establishes a rating system for institutions’ performance and mandates regular evaluations, with potential penalties for noncompliance. It also includes provisions to address the specific needs of institutions serving military personnel and those acquired by bank holding companies.
Sponsors
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Primary sponsor
Joseph P., III Kennedy
Cosponsor
David N. Cicilline
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