House Bill 3623
116th Congress(2019-2020)
Climate Risk Disclosure Act of 2019
Introduced
Introduced in House on Jul 5, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3623
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
Climate Risk Disclosure Act of 2019
This bill directs the Securities and Exchange Commission (SEC) to require an issuer of securities to annually disclose information regarding climate change-related risks posed to the issuer, including an issuer's strategies and actions to mitigate these risks.
Among other things, issuers must (1) report their direct and indirect greenhouse-gas emissions, (2) disclose their fossil fuel-related assets, and (3) establish standards regarding the social cost of carbon.
10/27/2020
Placed on the Union Calendar, Calendar No. 461.
10/27/2020
Committee on Energy and Commerce discharged.
10/27/2020
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-563, Part I.
07/16/2019
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
07/16/2019
Committee Consideration and Mark-up Session Held.
07/08/2019
Referred to the Subcommittee on Environment and Climate Change.
07/05/2019
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.
07/05/2019
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:37 PM