To amend the Bank Holding Company Act of 1956 and the Financial Stability Act of 2010 to require a reduction of financed emissions to protect financial stability, and for other purposes.
Summary
What This Bill Does
The bill requires alignment of financed emissions with science-based targets The Bank Holding Company Act of 1956 (12 U.S.C, requires alignment of financed emissions with science-based targets, and defines contribution to climate change included in FSOC designation Section 113 of the Financial Stability Act of 2010 (12 U.S.C. It relies on definition changes, compliance mandates, product standards, and trade restrictions. The main policy areas are Energy, Agriculture, Environment, and Finance.
Who Benefits and How
Oil and gas producers, refiners, or users affected by the bill could face lower compliance burdens, Natural gas companies and customers affected by the bill could face lower compliance burdens, and Electric utilities and power customers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill would take on compliance duties, and Environmental and public health interests affected by the bill would take on compliance duties.
Key Provisions
- Requires alignment of financed emissions with science-based targets The Bank Holding Company Act of 1956 (12 U.S.C.
- Requires alignment of financed emissions with science-based targets.
- Defines contribution to climate change included in FSOC designation Section 113 of the Financial Stability Act of 2010 (12 U.S.C.
- Requires reports In this section: The terms covered bank holding company and financed emissions have the meanings given the terms in section 15 of the Bank Holding Company Act of 1956, as added by section 2 of this Act.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires alignment of financed emissions with science-based targets The Bank Holding Company Act of 1956 (12 U.S.C, requires alignment of financed emissions with science-based targets, and defines contribution to climate change included in FSOC designation Section 113 of the Financial Stability Act of 2010 (12 U.S.C.
Key Policy Areas
Energy, Agriculture, Environment, Finance
Primary Purpose
The bill requires alignment of financed emissions with science-based targets The Bank Holding Company Act of 1956 (12 U.S.C, requires alignment of financed emissions with science-based targets, and defines contribution to climate change included in FSOC designation Section 113 of the Financial Stability Act of 2010 (12 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Oil and gas producers, refiners, or users affected by the bill
- Natural gas companies and customers affected by the bill
- Electric utilities and power customers affected by the bill
- Agricultural producers and rural communities affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
- Transportation operators and users affected by the bill
- Homeowners, tenants, or housing market participants affected by the bill
Sponsors
Legislative Progress
IntroducedMs. Pressley (for herself, Ms. Tlaib, Ms. Jayapal, and Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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