Polluter Portfolio Disclosure Act
- Last Action
- 7/25/2023
Actions
- 2023-07-25Referred to the House Committee on Financial Services.
- 2023-07-25Introduced in House
- 2023-07-25Introduced in House
CRS Summary
As of 2023-07-25 (00)
Polluter Portfolio Disclosure Act
This bill requires certain insurance companies to annually disclose investments in, and insurance policies relating to, fossil fuel extraction. Specifically, insurance companies that annually collect premiums of at least $100 million must report this information to Congress, the Office of Financial Research, the Financial Stability Oversight Counsel, and the Federal Insurance Office.
The Office of Financial Research, the Financial Stability Oversight Counsel, and the Federal Insurance Office must use this information to enhance monitoring of financial risks to consumers, individual insurance companies, and the financial system.
Cosponsors (7)
- Rashida Tlaib (D-MI)
- Kathy Castor (D-FL)
- Seth Magaziner (D-RI)
- BARBARA LEE (D-CA)
- Jared Huffman (D-CA)
- LLOYD DOGGETT (D-TX)
- Mike Levin (D-CA)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.