Federal Bill to Study How Climate Change Could Damage Our Financial System
Official: SB1471 — Climate Change Financial Risk Act of 2025
Reading: The bill requires the Federal Reserve to conduct financial risk analyses relating to climate change, creating new regulatory oversight and information-gathering that advances climate risk disclosure and financial sector accountability.
This helps protect people's savings, investments, and the overall stability of the banking system.
In clear language
This federal bill asks the Federal Reserve and other government agencies to study how climate change could affect the financial system and banks. The goal is to understand the financial risks that extreme weather, rising temperatures, and climate disasters might create for the economy. This helps protect people's savings, investments, and the overall stability of the banking system.
How does this affect you?
Pick the type of resident or organization you most identify with — we'll generate a plain-language breakdown of what changes for you and what you can do about it.
Who does this affect?
- People with bank accounts, investments, or retirement savings who depend on a stable financial system
- Banks and financial institutions that need to understand and prepare for climate-related risks
- Businesses that rely on loans and credit from banks
- Anyone concerned about protecting their financial assets from climate-related economic disruption
What can you do?
- Contact your elected representatives to support or oppose this bill based on your views
- Stay informed about how climate change might affect your personal finances and investments
- Ask your bank what steps they're taking to prepare for climate-related financial risks
Timeline
- 2025-04-10: Bill referred to the Committee on Banking, Housing, and Urban Affairs
No New Jersey official has a verified action on this policy yet.
Related policies
- CongressSep 24, 2026Civilian Climate Corps for Jobs and Justice Act
The Civilian Climate Corps for Jobs and Justice Act would amend the National and Community Service Act of 1990 to create a Civilian Climate Corps. The corps would help communities respond to climate change and support their transition to a clean economy. As of September 24, 2026, the bill has been read twice and referred to the Committee on Finance, so it has not been passed or enacted.
- CongressSep 24, 2026Civilian Climate Corps for Jobs and Justice Act
This federal bill proposes creating a new program called the Civilian Climate Corps that would employ people to help communities prepare for and respond to climate change while building clean-energy jobs. The program would be established under existing federal service laws and aims to provide employment opportunities while advancing climate resilience. It has bipartisan support focus on connecting job training with climate action.
- CongressApr 22, 2026Federal Program to Teach Americans About Climate Change
This federal bill would create a new Climate Change Education Program run by NOAA (the National Oceanic and Atmospheric Administration) to help teach Americans about climate change. The program would develop educational materials and resources to help people understand how climate change affects their communities and environment. New Jersey residents would benefit from having access to these federally-developed climate education resources.
- CongressApr 21, 2026Climate Change Education Program
This federal bill would create a new Climate Change Education Program run by the National Oceanic and Atmospheric Administration (NOAA) to teach people about climate change. The program aims to help Americans understand climate science and its impacts. It was introduced in Congress in April 2026 and is being reviewed by committees.