Addressing Climate Financial Risk Act of 2026

This bill would create a Climate Financial Risk Committee and an Advisory Committee on Climate Risk within the Financial Stability Oversight Council, a group of federal financial regulators. The advisory committee would have up to 30 appointed members, excluding stakeholders from the oil or gas industry, and the Council would publish an annual report assessing climate-related risks to U.S. financial stability. Federal banking regulators and the National Credit Union Administration would update supervisory guidance on climate financial risk for institutions with more than $50 billion in assets. The Federal Insurance Office would collect homeowners insurance data by zip code directly from insurers and publish reports on climate risks to the insurance sector.

Full text and official record on Congress.gov

Sponsors

• Sean Casten Democrat sponsor
• 15 cosponsors