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H.R.3623 - Climate Risk Disclosure Act of 2019116th Congress (2019-2020)

Bill

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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)

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This bill has the status Introduced

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  1. Introduced

More on This Bill

  • Constitutional Authority Statement
  • CBO Cost Estimates [1]

Subject — Policy Area:

Summary: H.R.3623 — 116th Congress (2019-2020)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
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.