0
0

Climate Risk Disclosure Act of 2021

1/11/2023, 1:49 PM

Congressional Summary of S 1217

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.

Current Status of Bill S 1217

Bill S 1217 is currently in the status of Bill Introduced since April 19, 2021. Bill S 1217 was introduced during Congress 117 and was introduced to the Senate on April 19, 2021.  Bill S 1217's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of September 14, 2021

Bipartisan Support of Bill S 1217

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
17
Democrat Cosponsors
17
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1217

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- 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

Alternate Title(s) of Bill S 1217

Climate Risk Disclosure Act of 2021
A bill to amend the Securities Exchange Act of 1934 to require certain disclosures relating to climate change, and for other purposes.
Climate Risk Disclosure Act of 2021

Comments