Climate Risk Disclosure Act of 2019
Latest action · Oct 27, 2020 Placed on the Union Calendar, Calendar No. 461.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 5, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 35
Members who signed on, in the order they did. Signatures ran from Jul 5, 2019 to Mar 4, 2020; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-PA | Matt Cartwright | Original | Jul 5, 2019 |
| D-NY | Alexandria Ocasio-Cortez | Jul 12, 2019 | |
| D-MA | James P. McGovern | Jul 12, 2019 | |
| D-FL | Al Lawson, Jr. | Jul 15, 2019 | |
| D-FL | Darren Soto | Jul 15, 2019 | |
| D-CO | Joe Neguse | Jul 15, 2019 | |
| D-CA | Julia Brownley | Jul 15, 2019 | |
| D-PA | Madeleine Dean | Jul 15, 2019 | |
| D-GU | Michael F. Q. San Nicolas | Jul 15, 2019 | |
| D-NY | Nydia M. Velázquez | Jul 15, 2019 | |
| D-CA | Alan S. Lowenthal | Jul 16, 2019 | |
| D-MA | Ayanna Pressley | Jul 16, 2019 | |
| D-IL | Bill Foster | Jul 16, 2019 | |
| D-CA | Jared Huffman | Jul 16, 2019 | |
| D-CA | Nanette Diaz Barragán | Jul 16, 2019 | |
| D-NY | Paul Tonko | Jul 16, 2019 | |
| D-AZ | Raúl M. Grijalva | Jul 16, 2019 | |
| D-CA | Gilbert Ray Cisneros, Jr. | Jul 17, 2019 | |
| D-PA | Susan Wild | Jul 17, 2019 | |
| D-CA | Judy Chu | Jul 23, 2019 | |
| D-CA | Mike Levin | Jul 24, 2019 | |
| D-OR | Suzanne Bonamici | Jul 30, 2019 | |
| D-CA | Anna G. Eshoo | Aug 9, 2019 | |
| D-CA | Mark DeSaulnier | Aug 16, 2019 | |
| D-CA | Ted Lieu | Sep 6, 2019 | |
| D-OR | Earl Blumenauer | Sep 9, 2019 | |
| D-MO | Emanuel Cleaver | Sep 9, 2019 | |
| D-CA | Harley Rouda | Sep 24, 2019 | |
| D-CA | Zoe Lofgren | Sep 24, 2019 | |
| D-CO | Diana DeGette | Dec 3, 2019 | |
| D-CA | Grace F. Napolitano | Dec 6, 2019 | |
| D-WI | Ron Kind | Dec 12, 2019 | |
| D-IL | Jesús G. "Chuy" García | Jan 15, 2020 | |
| D-TX | Vicente Gonzalez | Feb 12, 2020 | |
| D-TX | Veronica Escobar | Mar 4, 2020 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jul 5, 2019Markup Jul 16, 2019Reported Oct 27, 2020 |
| House | Energy and Commerce Committee | Referred Jul 5, 2019Discharged Oct 27, 2020 |
| Environment Subcommittee | Referred Jul 8, 2019 |
Actions 8
Everything that happened, newest first.
- Oct 27, 2020Reported (Amended) by the Committee on Financial Services. H. Rept. 116-563, Part I.
- Oct 27, 2020Committee on Energy and Commerce discharged.
- Oct 27, 2020Placed on the Union Calendar, Calendar No. 461.
- Jul 16, 2019Committee Consideration and Mark-up Session Held.
- Jul 16, 2019Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Oct 4, 2019H.R. 3623, Climate Risk Disclosure Act of 2019As ordered reported by the House Committee on Financial Services on July 16, 2019
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 112, July 5, 2019, page H5272.
Printed hearings 6
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 116-456 | OVERSIGHT OF THE SECURITIES AND EXCHANGE COMMISSION102 pages | Banking, Housing, and Urban Affairs Committee | Nov 17, 2020 |
| Serial No. 116-19 | CREATING A CLIMATE RESILIENT AMERICA: STRENGTHENING THE U.S. FINANCIAL SYSTEM AND EXPANDING ECONOMIC OPPORTUNITY77 pages | Select Committee on the Climate Crisis | Oct 1, 2020 |
| S. Hrg. 116-358 | NOMINATIONS OF HESTER PEIRCE, CAROLINE CRENSHAW, AND KYLE HAUPTMAN133 pages | Banking, Housing, and Urban Affairs Committee | Jul 21, 2020 |
| S. Hrg. 116-272 | OVERSIGHT OF THE SECURITIES AND EXCHANGE COMMISSION128 pages | Banking, Housing, and Urban Affairs Committee | Dec 10, 2019 |
| Serial No. 116-12 | SOLVING THE CLIMATE CRISIS: NATURAL SOLUTIONS TO CUTTING POLLUTION AND BUILDING RESILIENCE65 pages | Select Committee on the Climate Crisis | Oct 22, 2019 |
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| IF11307 | Climate-Related Risk Disclosure Under U.S. Securities Laws | Resource | Sep 10, 2019 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2075 | Climate Risk Disclosure Act of 2019 | Related bill | Nov 17, 2020 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Securities Exchange Act of 1934 to require issuers to disclose certain activities relating to climate change, and for other purposes.
- Short Title(s) as Introduced
- Climate Risk Disclosure Act of 2019
- Short Title(s) as Reported to House
- Climate Risk Disclosure Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Oct 27, 2020Reported in House
- Jul 5, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
