Climate Risk Disclosure Act of 2021

1/11/2023, 1:49 PM

Climate Risk Disclosure Act of 2021

This bill directs the Securities and Exchange Commission 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.

Specifically, issuers must report their direct and indirect greenhouse-gas emissions and disclose their fossil fuel-related assets.

Congress
117
Number
S - 1217
Introduced on
2021-04-19
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

4/19/2021
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Climate Risk Disclosure Act of 2021

This bill directs the Securities and Exchange Commission 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.

Specifically, issuers must report their direct and indirect greenhouse-gas emissions and disclose their fossil fuel-related assets.

Alternative Names
Official Title as IntroducedA bill to amend the Securities Exchange Act of 1934 to require certain disclosures relating to climate change, and for other purposes.
Policy Areas
Finance and Financial Sector
Potential Impact
Administrative law and regulatory procedures•
Air quality•
Business records•
Climate change and greenhouse gases•
Coal•
Corporate finance and management•
Financial services and investments•
Oil and gas•
Securities•
Securities and Exchange Commission (SEC)•
Water use and supply

Comments

Related

Member:  Kirsten E. Gillibrand
Bill Update Alert:  CLEAN Future Act
Bill Update Alert:  Corporate Governance Improvement and Investor Protection Act
Bill Update Alert:  Climate Risk Disclosure Act of 2021

Recent Activity

Latest Summary6/11/2021

Climate Risk Disclosure Act of 2021

This bill directs the Securities and Exchange Commission to require an issuer of securities to annually disclose information regarding climate change-related risks posed to the issuer, includ...

Latest Action9/14/2021
Committee on Banking, Housing, and Urban Affairs. Hearings held.