HR 4888 · 118th Congress · Finance and Financial Sector

Polluter Portfolio Disclosure Act

Introduced 2023-07-25· Sponsored by Rep. Schiff, Adam B. [D-CA-30]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2023-07-25)

Plain Language Summary

[AI summary unavailable — showing source text] 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.   …

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (7)

7 Democrats