Addressing Climate Financial Risk Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7246 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7246 To establish the Climate Financial Risk Committee and Climate Financial Risk Advisory Committee on the Financial Stability Oversight Council. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 27, 2026 Mr. Casten (for himself, Ms. Castor of Florida, Mr. Lieu, Mr. Mullin, Ms. Bonamici, Ms. Ansari, Mr. Huffman, Ms. Stansbury, Ms. Velazquez, Ms. Brownley, Mr. Evans of Pennsylvania, Mr. Min, and Mr. Goldman of New York) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To establish the Climate Financial Risk Committee and Climate Financial Risk Advisory Committee on the Financial Stability Oversight Council. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Addressing Climate Financial Risk Act of 2026''. SEC. 2. FINANCIAL STABILITY OVERSIGHT COUNCIL COMMITTEES ON CLIMATE FINANCIAL RISK. (a) In General.--Subtitle A of the Financial Stability Act of 2010 (12 U.S.C. 5321 et seq.) is amended by inserting after section 121 (12 U.S.C. 5331) the following: ``SEC. 121A. CLIMATE FINANCIAL RISK COMMITTEE. ``(a) Establishment.--There is established in the Council the Climate Financial Risk Committee, which shall-- ``(1) support the Council in identifying priority areas for assessing and mitigating climate-related risks to the financial system; ``(2) serve as a coordinating body to share information, facilitate the development of common approaches and standards, and facilitate communication across Council member agencies; ``(3) collaborate with the Office of Financial Research to compile climate and financial data from public sourc