Bill · S.Res. 555· Senate(119-SRES-555)
A resolution recognizing that climate change poses a threat to the mortgage market and to home values.
- Introduced
- 12/17/2025
- Last activity
- 12/17/2025 — Referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Sheldon Whitehouse
- Cosponsors
- - 10 - 0
- Introduced
- In Committee
A Senate resolution is the Senate speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the Senate agrees to it, it is officially the Senate's word; it is not a law, so the House and the President have no part in it.
What this bill would do
This resolution acknowledges that climate change poses a threat to the mortgage market and home values in the United States. It highlights how sea-level rise and weather disasters have already caused billions of dollars in lost home values across certain states. The text points to research showing that hundreds of thousands of properties are at risk of chronic flooding in the coming decades. It also notes warnings from financial analysts regarding expensive insurance and potential broader economic consequences. Ultimately, the Senate resolves to recognize that climate change portends significant declines in home values in climate-exposed regions and could lead to a broader economic recession.
Yes
No question was scored yes.
The opposite· 3 of 4
Does this make housing cost less?-4
The resolution acknowledges severe long-term risks to home values and the mortgage market from climate change.
Is this likely to grow the economy?-3
The resolution highlights warnings that climate-exposed regions face significant economic risks and potential recession.
Would households on low incomes be better off under this?-2
Potential broader economic downturns and housing depreciation pose risks to financial stability.
Who it would affect, and how
Potential Positive Impacts for People
Based on the provided text, there are no specific sections, provisions, or positive outcomes identified that benefit individuals or groups of people. The text is strictly a resolution recognizing existing threats and research findings rather than establishing programs or benefits.
Potential Negative Impacts for People
Based on the provided text, there are no specific sections or provisions that enact negative consequences or burdens on individuals. However, the text highlights several warnings about ongoing and future threats recognized by the Senate, which include:
-
Property Value Losses: The text notes that sea-level rise has already caused $7,400,000,000 in home value losses in Florida, South Carolina, North Carolina, Virginia, and Georgia between 2005 and 2017.
-
Future Flooding Risks: The text states that sea-level rise puts more than 300,000 properties at risk of chronic flooding in the next 30 years, totaling $136,000,000,000 in value by 2045, and nearly 2,500,000 properties valued at $1,070,000,000,000 by the end of the 21st century.
-
Insurance and Economic Threats: The text points out that residential property will likely lose nearly $1,500,000,000,000 in value over the next 30 years due to expensive and unavailable insurance, and warns of a broader economic recession.
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-2Good For Middle Class Households-2
- Social Issues And Justice
- Improves Affordable Housing-4
- Economy And Finance
- Improves Economic Growth-3
- 12/18/2025
- 1 Cosponsor added.
- 12/17/2025
- Referred to the Committee on Banking, Housing, and Urban Affairs.
- 9 Cosponsors added.
- Introduced in Senate
Lisa Blunt RochesterDemocrat · Delaware
Tammy DuckworthDemocrat · Illinois
Amy KlobucharDemocrat · Minnesota
Edward MarkeyDemocrat · Massachusetts
Jeff MerkleyDemocrat · Oregon
Alex PadillaDemocrat · California
Brian SchatzDemocrat · Hawaii
Tina SmithDemocrat · Minnesota
Chris Van HollenDemocrat · Maryland
Peter WelchDemocrat · Vermont