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- H.R.3571
H.R.3571: Climate Change Financial Risk Act of 2021
About This Bill
- Introduced May 28, 2021
- Latest Major Action May 31, 2021
Bill Sponsor
Bill Cosponsors
6 (All Democrats)
Bill Version
- Introduced in House - May 28, 2021
Bill Summary
Climate Change Financial Risk Act of 2021 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 specified large nonbank financial companies and bank holding companies. Specifically, these entities will be evaluated every two years on whether they have the capital necessary to absorb financial losses that would...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 31, 2021 |
Referred to the Subcommittee on Environment and Climate Change.
|
| May 28, 2021 |
Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
|
| May 28, 2021 |
Introduced in the House by Sean Casten (D-Ill.) |