A resolution recognizing that climate change poses a threat to the mortgage market and to home values.

This Senate resolution states that the Senate recognizes that climate change portends significant declines in home values in climate-exposed regions of the United States and a broader economic recession. It lists findings from analysts, economists, and agencies about home value losses linked to sea-level rise, flooding, weather disasters, and rising or unavailable insurance. It cites a 2024 statement from the Federal Housing Finance Agency about climate risk to the housing system. The resolution does not create new programs, spending, or legal requirements.

Full text and official record on Congress.gov

Sponsors

• Sheldon Whitehouse Democrat sponsor
• 10 cosponsors