Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
Senate Bill 606
117th Congress(2021-2022)
RESPOND Act of 2021
Introduced
Introduced
Introduced in Senate on Mar 4, 2021
Overview
Text
Introduced
Mar 4, 2021
Latest Action
Mar 4, 2021
Origin Chamber
Senate
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
606
Congress
117
Policy Area
Government Operations and Politics
Government Operations and Politics
Primary focus of measure is government administration, including agency organization, contracting, facilities and property, information management and services; rulemaking and administrative law; elections and political activities; government employees and officials; Presidents; ethics and public participation; postal service. Measures concerning agency appropriations and the budget process may fall under Economics and Public Finance policy area.
Sponsorship by Party
Democrat
Jeff Merkley
Oregon
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

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.

Text (1)
Introduced in Senate
March 4, 2021
Related Bills (1)
Mar 08, 2021
Introduced in House
13
Sponsorship
House Bill 1618
RESPOND Act of 2021
Introduced
Type
Identical Bill
Identical Bill
A bill that is word-for-word identical to another bill. Bills are characterized as identical to each other at the introduced stage only, even though a later (e.g., reported or passed) version of a bill might meet the same criteria for text similarity. Companion measures, procedurally-related measures, and legislation with text similarities are other related bill types.
Identified By
CRS
Actions (2)
03/04/2021
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
03/04/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:47:48 PM
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