S 588
Addressing Climate Financial Risk Act of 2021
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Addressing Climate Financial Risk Act of 2021, establishes a new advisory committee within the Financial Stability Oversight Council to assess the impact of climate risk on the U.S. financial system. It directs federal agencies, including the Federal Reserve and FDIC, to incorporate climate risk into their supervisory guidance and to develop strategies for mitigating these risks. The bill also mandates a report from the Council on climate financial risk and encourages international collaboration on this issue.
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Primary sponsor
Dianne Feinstein
Cosponsors
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