3.0.0 606 2023-01-11T13:47:48Z 2023-01-11T13:47:48Z Senate S 2021-03-04 117 ssga00 Homeland Security and Governmental Affairs Committee Senate Standing Referred to 2021-03-04T21:56:51Z RESPOND Act of 2021 117 1618 HR 2021-03-08 Referred to the Committee on Oversight and Reform, and in addition to the Committee on Financial Services, 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. Identical bill CRS 2021-03-04 ssga00 Homeland Security and Governmental Affairs Committee Senate Read twice and referred to the Committee on Homeland Security and Governmental Affairs. IntroReferral 2021-03-04 Introduced in Senate IntroReferral 10000 9 Library of Congress M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR N Government Operations and Politics Advisory bodies Air quality Alternative and renewable resources Atmospheric science and weather Climate change and greenhouse gases Coal Congressional oversight Disaster relief and insurance Economic performance and conditions Employee benefits and pensions Environmental health Financial services and investments Government employee pay, benefits, personnel management Government trust funds Labor market Natural disasters Oil and gas Securities Government Operations and Politics 00 2021-03-04 Introduced in Senate 2021-05-14T15:13:58Z Restructuring Environmentally Sound Pensions in Order to Negate Disaster Act of 2021 or the RESPOND Act of 2021

This bill addresses issues related to the impact of climate change on the economy, including federal retirement plans.

The Federal Retirement Thrift Investment Board must establish an advisory panel on the economics of climate change to advise on how the board may invest in clean and renewable energy and make investments in a manner that helps ensure net zero greenhouse gas emissions in the United States by 2050. The board must then assess whether implementing low-carbon investment strategies is profitable and consistent with its duties.

If the board cannot implement such strategies, the bill establishes the Climate Choice Stock Index Fund as part of the Federal Employees Retirement System's Thrift Savings Plan. This fund is established as an investment portfolio that performs similarly to other plan index funds, but does not invest in fossil fuels.

Finally, the Federal Reserve Board and the Securities and Exchange Commission must annually report on the economic costs of climate change.

]]> RESPOND Act of 2021 Display Title RESPOND Act of 2021 Official Title as Introduced A bill to require the Board of Governors of the Federal Reserve System and the Securities and Exchange Commission to issue an annual report to Congress projecting and accounting for the economic costs directly and indirectly caused by the impacts of climate change, to require the Federal Retirement Thrift Investment Board to establish a Federal Advisory Panel on the Economics of Climate Change, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced RESPOND Act of 2021 Introduced in Senate IS Short Title(s) as Introduced Restructuring Environmentally Sound Pensions in Order to Negate Disaster Act of 2021 Introduced in Senate IS Introduced in Senate 2021-03-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s606is/xml/BILLS-117s606is.xml 2021-03-04 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.