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HR 2823119th CongressIntroduced
Climate Change Financial Risk Act of 2025
Introduced: Oct 28, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
Requires Federal Reserve to develop climate change risk scenarios and conduct biennial stress tests for large financial institutions.
Key Points
- 1Establishes Climate Risk Scenario Technical Development Group
- 2Requires three climate scenarios (1.5°C, 2°C, and policy-informed)
- 3Mandates biennial climate stress tests for covered entities ($250B+ assets)
- 4Includes survey of mid-size financial institutions ($10B+ assets)
- 5Focuses on physical and transition risks from climate change
Impact Areas
Financial regulationClimate riskBanking industryFederal Reserve
Generated by kwaipilot/kat-coder-pro:free on Nov 19, 2025