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Bill > HR8760


US HR8760

US HR8760
RESPOND Act of 2020 Restructuring Environmentally Sound Pensions in Order to Negate Disaster Act of 2020


summary

Introduced
11/17/2020
In Committee
11/17/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A BILL To require the Board of Governors of the Federal Reserve System and the Securities and Exchange Commission to issue an annual report to the Congress projecting and accounting for the economic costs directly and indirectly caused by the impacts of climate change, and to require the Federal Retirement Thrift Investment Board to establish a Federal Advisory Panel on the Economics of Climate Change, and for other purposes. 1

AI Summary

This bill, the Restructuring Environmentally Sound Pensions in Order to Negate Disaster Act (RESPOND Act) of 2020, requires the Federal Reserve System and the Securities and Exchange Commission to jointly issue an annual report to Congress projecting and accounting for the economic costs directly and indirectly caused by the impacts of climate change. It also requires the Federal Retirement Thrift Investment Board to establish a Federal Advisory Panel on the Economics of Climate Change to advise the Board on how to further decarbonize its portfolio, identify investment opportunities in clean and renewable energy, and assess and manage the investment risks and opportunities of climate change.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Referred to the Committee on Oversight and Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 11/17/2020)

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