H.R. 3623 · 116th Congress
Climate Risk Disclosure Act of 2019
- Stage
- Reported from committee
- Sponsor
- Sean Casten
- Introduced
- 2019-07-05
- Latest action
- 2020-10-27 · Reported (Amended) by the Committee on Financial Services. H. Rept. 116-563, Part I.
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.