Federal agencies would create new groups and reports to address financial risks from climate change.
This bill would establish two new committees within a key financial oversight group to study how climate change affects the nation's financial system. It would also require federal banking and insurance agencies to update their rules and collect more data on these risks. The goal is to help the government better understand and prepare for financial problems caused by climate change.
Today, federal financial agencies address climate financial risk in a less coordinated way. Also, detailed, standardized data on homeowners insurance and climate risk isn't consistently collected or publicly available. After this bill, new committees would provide a dedicated structure for coordination and expert advice on climate financial risks across federal agencies. The Federal Insurance Office would also regularly collect and publish detailed homeowners insurance data by zip code. Large financial institutions would be required to update their risk management guidance to specifically address climate risks.
S 3711 · 119th Congress · January 28, 2026 · AI Summary by gemini-2.5-flash · 8/10
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3 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.