H.R.3623 - Climate Risk Disclosure Act of 2019116th Congress (2019-2020)
|Sponsor:||Rep. Casten, Sean [D-IL-6] (Introduced 07/05/2019)|
|Committees:||House - Financial Services; Energy and Commerce|
|Committee Meetings:||07/16/19 10:00AM|
|Committee Reports:||H. Rept. 116-563|
|Latest Action:||House - 10/27/2020 Placed on the Union Calendar, Calendar No. 461. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3623 — 116th Congress (2019-2020)All Information (Except Text)
Reported to House, Part I (10/27/2020)
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.