Climate Risk Disclosure Act of 2019

Senate Bill 2075 - Climate Risk Disclosure Act of 2019: Overview, Status, and Impact

Hozzl · 2022-11-01T13:50:43Z

Explore the details of Senate Bill 2075 Climate Risk Disclosure Act of 2019 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

11/1/2022, 1:50 PM

Congressional Summary of S 2075

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.

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Current Status of Bill S 2075

Bill S 2075 is currently in the status of Bill Introduced since July 10, 2019. Bill S 2075 was introduced during Congress 116 and was introduced to the Senate on July 10, 2019. Bill S 2075's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of November 17, 2020

Bipartisan Support of Bill S 2075

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2075

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures

- Air quality

- Business records

- Climate change and greenhouse gases

- Corporate finance and management

- Financial services and investments

- Securities

- Securities and Exchange Commission (SEC)

- Water use and supply

Alternate Title(s) of Bill S 2075

Climate Risk Disclosure Act of 2019

A bill to amend the Securities Exchange Act of 1934 to require issuers to disclose certain activities relating to climate change, and for other purposes.