A resolution recognizing that climate change portends a cascade of financial market collapses that would destabilize the national and global economies.

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. Res. 557 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. RES. 557 Recognizing that climate change portends a cascade of financial market collapses that would destabilize the national and global economies. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 17, 2025 Mr. Whitehouse (for himself, Mr. Merkley, Mr. Schatz, Mr. Markey, Mr. Van Hollen, Ms. Duckworth, Mr. Padilla, Mr. Welch, and Ms. Blunt Rochester) submitted the following resolution; which was referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ RESOLUTION Recognizing that climate change portends a cascade of financial market collapses that would destabilize the national and global economies. Whereas climate change drives and exacerbates extreme weather and disaster events; Whereas United States losses from extreme weather events totaled $165,000,000,000 in 2022 alone; Whereas more frequent extreme weather events and wildfires are making insurance increasingly unaffordabl…