Climate Risk Disclosure Act of 2019
Latest action · Nov 17, 2020 Committee on Banking, Housing, and Urban Affairs. Hearings held.
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 10, 2019
- Passed SenateNot reached
- Passed HouseNot 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 16
Members who signed on, in the order they did. Signatures ran from Jul 10, 2019 to Jul 18, 2019; 15 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MN | Amy Klobuchar | Original | Jul 10, 2019 |
| D-HI | Brian Schatz | Original | Jul 10, 2019 |
| D-NY | Charles E. Schumer | Original | Jul 10, 2019 |
| D-MD | Chris Van Hollen | Original | Jul 10, 2019 |
| D-NJ | Cory A. Booker | Original | Jul 10, 2019 |
| D-CA | Dianne Feinstein | Original | Jul 10, 2019 |
| D-MA | Edward J. Markey | Original | Jul 10, 2019 |
| D-OR | Jeff Merkley | Original | Jul 10, 2019 |
| D-CA | Kamala D. Harris | Original | Jul 10, 2019 |
| D-NY | Kirsten E. Gillibrand | Original | Jul 10, 2019 |
| D-CO | Michael F. Bennet | Original | Jul 10, 2019 |
| D-CT | Richard Blumenthal | Original | Jul 10, 2019 |
| D-RI | Sheldon Whitehouse | Original | Jul 10, 2019 |
| D-DE | Thomas R. Carper | Original | Jul 10, 2019 |
| D-MN | Tina Smith | Original | Jul 10, 2019 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jul 10, 2019Hearings Nov 17, 2020 |
Actions 4
Everything that happened, newest first.
- Nov 17, 2020Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-456.
- Nov 17, 2020Committee on Banking, Housing, and Urban Affairs. Hearings held.
- Jul 10, 2019Introduced in Senate
- Jul 10, 2019Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S4917 | Sheldon Whitehouse D-RI | Jul 17, 2019 |
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.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
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 |
|---|---|---|---|
| HR 3623 | Climate Risk Disclosure Act of 2019 | Related bill | Oct 27, 2020 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill 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
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jul 10, 2019Introduced in Senate
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.
