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 to study and address climate-related risks to the U.S. financial system. The Council would publish an annual report assessing these risks and making recommendations to regulators and Congress. Federal banking agencies and the National Credit Union Administration would update supervisory guidance so institutions with more than $50 billion in assets identify and reduce climate financial risk. The Federal Insurance Office would collect homeowners insurance data by zip code directly from insurers and publish reports on climate risk in the insurance sector.

Full text and official record on Congress.gov

Sponsors

• Tina Smith Democrat sponsor
• 5 cosponsors