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- S.1876
S.1876: Climate Change Financial Risk Act of 2021
About This Bill
- Introduced May 27, 2021
- Latest Major Action May 27, 2021
Bill Sponsor
Bill Cosponsors
10 (All Democrats)
Bill Version
- Introduced in Senate - May 27, 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 27, 2021 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| May 27, 2021 |
Introduced in the Senate by Brian Schatz (D-Hawaii) |