118th Congress Finance and Financial Sector
H.R. 7625: RESPOND Act of 2024
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
The Federal Retirement Thrift Investment Board must establish an advisory panel on the economics of climate change to advise and report on how the board can implement investment strategies that align with the United States’ goal of zero greenhouse gas emissions by 2050. The board must then assess whether implementing low-carbon investment strategies is profitable and consistent with its duties.
If the board is unable to find that such strategies would be profitable, the bill establishes the Climate Choice Stock Index Fund as part of the Federal Employees Retirement System's Thrift Savings Plan. This fund is established as an investment portfolio that performs similarly to other plan index funds, but does not invest in fossil fuels.
Finally, the Federal Reserve Board and the Securities and Exchange Commission must annually report on the economic costs of climate change.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Earl Blumenauer D-OROriginal
- Gregorio Casar D-TXOriginal
- Jesús García D-ILOriginal
- Pramila Jayapal D-WAOriginal
- Ro Khanna D-CAOriginal
- Barbara Lee D-CAOriginal
- Eleanor Norton D-DCOriginal
- Delia Ramirez D-ILOriginal
- Janice Schakowsky D-ILOriginal
- Rashida Tlaib D-MIOriginal
- Juan Vargas D-CAOriginal
- Bonnie Watson Coleman D-NJOriginal
- Adriano Espaillat D-NY
- Sheila Jackson Lee D-TX
- Jared Huffman D-CA
- Jerrold Nadler D-NY
- Alexandria Ocasio-Cortez D-NY
- Melanie Stansbury D-NM
- Mark DeSaulnier D-CA
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Other bills by Emanuel Cleaver
History
- Introduced in the House by Emanuel Cleaver.
Show the full action history (2 actions)
- Introduced in House
- Referred to the Committee on Oversight and Accountability, 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.