S3711Referred to Committee

Addressing Climate Financial Risk Act of 2026

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-01-28
Introduced
5
Cosponsors
S
ⓘ
Type

Sponsor

Tina Smith
Tina Smith
Democrat · MN · Senator
Votes with party: 66.6% (311 recorded votes)

Full profile: /officials/S001203

Source: Congress.gov · FEC

Cosponsors (5)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-01-28

Source: Congress.gov

Plain-English Summary

This bill would require banks, insurance companies, and other financial institutions to assess and disclose how climate change could affect their investments and business operations, similar to how they already report other financial risks. The goal is to help investors and regulators understand which financial companies might face losses from climate-related events like floods or droughts, and to encourage these institutions to reduce their exposure to climate risks. This affects anyone with bank accounts, insurance policies, or retirement investments, since it could influence how financial companies manage money and price their services.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Affected Industries

Industries and interest groups with a stake in how this bill is resolved. Compare with each member's outside-money backers on their finance page.

Climate & Environment

Why this matters: Look up any member who voted on this bill and check their finance page — do the industries listed above match the groups funding their campaigns? That's the kind of connection this tool is built to help you find.

Subjects

Finance and Financial Sector
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Related legislation

Bills by the same sponsor or covering overlapping subjects.