3.0.0 2823 2026-03-02T23:10:13Z 2026-03-02T23:10:13Z House H HR 2025-04-10 119 https://www.congress.gov/bill/119th-congress/house-bill/2823 [Congressional Record Volume 171, Number 65 (Thursday, April 10, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CASTEN:H.R. 2823.Congress has the power to enact this legislation pursuantto the following:Clause 18 of Section 8 of Article 1 of the Constitution[Page H1601]]]> hsif00 Energy and Commerce Committee House Standing Referred To 2025-04-10T13:04:15Z hsba00 Financial Services Committee House Standing Referred To 2025-04-10T13:04:10Z Climate Change Financial Risk Act of 2025 119 1471 S 2025-04-10 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Identical bill CRS 2025-04-10 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. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2025-04-10 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2025-04-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2025-04-10 Introduced in House IntroReferral 1000 9 Library of Congress C001117 Rep. Casten, Sean [D-IL-6] Sean Casten D IL 6 N L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2025-04-29 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2025-04-29 False H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2025-04-29 False M001225 Rep. Mullin, Kevin [D-CA-15] Kevin Mullin D CA 15 2025-04-29 False E000301 Rep. Elfreth, Sarah [D-MD-3] Sarah Elfreth D MD 3 2025-04-29 False C001112 Rep. Carbajal, Salud O. [D-CA-24] Salud Carbajal D CA O. 24 2025-04-29 False C001072 Rep. Carson, André [D-IN-7] André Carson D IN 7 2025-04-29 False M001223 Rep. Magaziner, Seth [D-RI-2] Seth Magaziner D RI 2 2025-05-19 False L000593 Rep. Levin, Mike [D-CA-49] Mike Levin D CA 49 2025-06-03 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2026-02-24 False Finance and Financial Sector Finance and Financial Sector 2025-05-19T14:29:07Z 00 2025-04-10 Introduced in House 2026-03-02T23:08:34Z Climate Change Financial Risk Act of 2025

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 certain large nonbank financial companies and bank holding companies. Specifically, these entities must be evaluated every two years on whether they have the capital necessary to absorb financial losses that would arise under several different climate change risk scenarios. In response to the results of the evaluation, entities must develop and submit for approval a climate risk resolution plan. The plan must include a capital policy with respect to climate risk planning and targets to remedy identified vulnerabilities. If the plan is not approved, the entity’s ability to make capital distributions is restricted. 

The bill also establishes the Climate Risk Scenario Technical Development Group to provide recommendations to the board regarding climate change risk scenarios, and determine the financial and economic risks of these scenarios.

The board must develop a survey to assess (1) the ability of other large financial institutions to withstand each scenario, (2) which surveyed entities have activities in geographical areas or industries that are significantly exposed to the impacts of climate change, and (3) how these surveyed entities plan to adapt to risks presented in each scenario. 

]]> Climate Change Financial Risk Act of 2025 Display Title 45 Climate Change Financial Risk Act of 2025 2025-04-26T03:23:18Z Short Title(s) as Introduced 101 Climate Change Financial Risk Act of 2025 2025-04-26T03:23:17Z Introduced in House IH Official Title as Introduced 6 To require the Board of Governors of the Federal Reserve System, in consultation with the heads of other relevant Federal agencies, to develop and conduct financial risk analyses relating to climate change, and for other purposes. 2025-04-26T03:18:20Z Introduced in House IH Introduced in House 2025-04-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr2823ih/xml/BILLS-119hr2823ih.xml 2025-04-10 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. 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.