Climate Financial Risk Act
Official: Addressing Climate Financial Risk Act of 2026
This bill sets up two committees to focus on the financial risks posed by climate change. It aims to improve how financial systems prepare for and respond to these risks.
1. This bill creates a Climate Financial Risk Committee to address climate-related financial risks. 2. It establishes an Advisory Committee to gather information and make recommendations on climate risks. 3. The committees will work together to improve data and methods for assessing climate financial risks. 4. They will also help ensure that climate risks are included in financial regulations and disclosures. 5. The committees will meet regularly to update their findings and progress.
This bill affects financial experts, climate scientists, and consumers concerned about the stability of the financial system.