Federal agencies would track climate risks to the nation's financial system and homeowners insurance.
This bill would create new committees to study how climate change could affect the U.S. financial system. It would require banking regulators to update rules for large financial companies and make the Federal Insurance Office collect detailed data on homeowners insurance to understand climate impacts.
Today, the Financial Stability Oversight Council does not have dedicated committees or explicit mandates to regularly assess climate financial risks across the entire financial system. This bill would change that by creating two new committees focused on climate financial risk and requiring annual reports from the Council. It would also mandate that federal banking agencies update their rules for large financial institutions (over $50 billion in assets) to address climate risks, and the Federal Insurance Office would begin collecting detailed homeowners insurance data by zip code to understand climate impacts.
HR 7246 · 119th Congress · AI Summary by gemini-2.5-flash · 9/10
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1 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.