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S 1471119th CongressIntroduced
Climate Change Financial Risk Act of 2025
Introduced: Oct 28, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Climate Change Financial Risk Act of 2025 requires the Federal Reserve to develop climate‑risk scenarios, conduct biennial climate‑risk tests for covered financial institutions, and report findings to Congress, with the goal of integrating climate risk into financial supervision.
Key Points
- 1Establishes a Climate Risk Scenario Technical Development Group.
- 2Develops three climate‑risk scenarios (1.5 °C, 2 °C, and a realistic scenario).
- 3Mandates biennial climate‑risk tests for covered entities.
- 4Requires public reporting and congressional oversight.
- 5Provides funding and authority for the Fed’s climate‑risk work.
Impact Areas
Banks and financial institutionsFederal Reserve and TreasuryRegulators and investorsFinancial stability and taxpayers
Generated by openai/gpt-oss-20b:free on Nov 19, 2025