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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (3)

Short Titles

Short Titles - House of Representatives

Short Title(s) as Introduced

RESPOND Act of 2021
Restructuring Environmentally Sound Pensions in Order to Negate Disaster Act of 2021

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To require the Board of Governors of the Federal Reserve System and the Securities and Exchange Commission to issue an annual report to Congress projecting and accounting for the economic costs directly and indirectly caused by the impacts of climate change, to require the Federal Retirement Thrift Investment Board to establish a Federal Advisory Panel on the Economics of Climate Change, and for other purposes.


Actions Overview (1)

Date Actions Overview
03/08/2021Introduced in House

All Actions (3)

Date All Actions
03/08/2021Referred to the Committee on Oversight and Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Action By: House of Representatives
03/08/2021Referred to the Committee on Oversight and Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Action By: House of Representatives
03/08/2021Introduced in House
Action By: House of Representatives

Cosponsors (10)


Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Oversight and Reform03/08/2021 Referred to
House Financial Services03/08/2021 Referred to

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Latest Summary (1)

There is one summary for H.R.1618. View summaries

Shown Here:
Introduced in House (03/08/2021)

Restructuring Environmentally Sound Pensions in Order to Negate Disaster Act of 2021 or the RESPOND Act of 2021

This bill addresses issues related to the impact of climate change on the economy, including federal retirement plans.

The Federal Retirement Thrift Investment Board must establish an advisory panel on the economics of climate change to advise on how the board may invest in clean and renewable energy and make investments in a manner that helps ensure net zero greenhouse gas emissions in the United States by 2050. The board must then assess whether implementing low-carbon investment strategies is profitable and consistent with its duties.

If the board cannot implement such strategies, the bill establishes the Climate Choice Stock Index Fund as part of the Federal Employees Retirement System's Thrift Savings Plan. This fund is established as an investment portfolio that performs similarly to other plan index funds, but does not invest in fossil fuels.

Finally, the Federal Reserve Board and the Securities and Exchange Commission must annually report on the economic costs of climate change.