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Politiparty

118th Congress Finance and Financial Sector

H.R. 4888: Polluter Portfolio Disclosure Act

Introduced

  1. Introduced (completed)Jul 25, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Jul 25, 2023

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

0 offered

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Cosponsors

7

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Other bills by Adam Schiff

History

  1. Jul 25, 2023Introduced in the House by Adam Schiff.
Show the full action history (2 actions)
  1. Jul 25, 2023Introduced in House
  2. Jul 25, 2023Referred to the House Committee on Financial Services.