Bill · H.R. 2823· House(119-HR-2823)
Climate Change Financial Risk Act of 2025
- Introduced
- 4/10/2025
- Last activity
- 4/10/2025 — 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.
- Sponsored by
- Sean Casten
- Cosponsors
- - 10 - 0
- Introduced
- In Committee
What this bill would do
The Climate Change Financial Risk Act of 2025 requires the Federal Reserve to develop financial risk analyses related to climate change in consultation with other federal agencies. It establishes a technical advisory group and mandates the creation of climate change risk scenarios to assess the resilience of financial institutions. The bill also includes enhanced supervision for certain financial companies and requires a survey to assess the preparedness of smaller entities.
Yes· 3 of 30
Would households on low incomes be better off under this?+3
Low-income households are disproportionately affected by climate-related disasters and economic disruptions.
Would Native Americans be better off under this?+3
Native American communities are highly vulnerable to the impacts of climate change.
Does this cut the pollution that drives climate change?+3
By addressing climate change financial risks, the bill indirectly supports efforts to reduce carbon emissions.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Understanding and mitigating climate-related economic risks (Sec. 2): The bill acknowledges that climate-related economic risks will continue to increase and aims to address the safety and soundness of the financial system. By assessing and managing these risks, the bill may help to stabilize the economy and protect individuals from potential financial harm caused by climate change.
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Increased resilience of energy and transportation systems (Sec. 2): The bill aims to help prevent climate related disruptions to energy and transportation systems. This can ensure continued access to necessary services.
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Technical assistance for assessing climate risks (Sec. 4): The Technical Development Group will provide technical assistance to covered entities in assessing physical risks or transition risks. It also provide publicly available resources to entities that are not covered entities to help those entities assess physical risks and transition risks. This can help with planning.
Potential Negative Impacts for People
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Potential for increased costs or reduced services in vulnerable communities (Sec. 6): The Board of Governors may object to a climate risk resolution plan if it determines that the plan no longer provides fair services to vulnerable and disadvantaged communities. Although this is intended to protect these communities, the measures taken to comply with this requirement could potentially lead to increased costs or reduced availability of financial services in those areas.
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Limitations on Capital Distribution (Sec. 6): If the Board of Governors objects to a climate risk resolution plan, the covered entity may not make any capital distribution, other than a capital distribution arising from the issuance of a regulatory capital instrument eligible for inclusion in the numerator of a minimum regulatory capital ratio. This could have negative impacts for people who hold stock in those companies.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+3Good For Native Americans+3Good For African Americans+2Good For Children+2Good For Farmers+2Good For Hispanic Americans+2Good For Middle Class Households+2Good For Rural Residents+2Good For Students+2Good For Urban Residents+2Good For Young Adults+2Good For Asian Americans+1Good For Business Owners+1Good For Men+1Good For Middle Aged+1Good For People With Disabilities+1Good For Retirees+1Good For Seniors+1Good For White Americans+1Good For Women+1
- Environment Energy And Infrastructure
- Improves Environmental Protections+3Reduces Carbon Emissions+3Improves Disaster Relief And F E M A+2Increases Renewable Energy Investment+1Reduces Fossil Fuel Production+1
- Economy And Finance
- Improves Economic Growth+2Improves Fiscal Responsibility+1
- Education And Technology
- Increases Scientific Research Funding+2
- Governance And Ideology
- Improves Government Transparency+1Increases Federal Power+1
- 2/24/2026
- 1 Cosponsor added.
- 6/3/2025
- 1 Cosponsor added.
- 5/19/2025
- 1 Cosponsor added.
- 4/29/2025
- 7 Cosponsors added.
- 4/10/2025
- 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.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Emanuel CleaverDemocrat · Missouri
André CarsonDemocrat · Indiana
Salud CarbajalDemocrat · California
Sarah ElfrethDemocrat · Maryland
Al GreenDemocrat · Texas
Jared HuffmanDemocrat · California
Stephen LynchDemocrat · Massachusetts
Mike LevinDemocrat · California
Seth MagazinerDemocrat · Rhode Island
Kevin MullinDemocrat · California