Bill to Create a Committee to Protect the Economy from Climate-Related Financial Risks
Official: SB3711 — Addressing Climate Financial Risk Act of 2026
Reading: The bill establishes advisory committees on financial stability related to climate risk but names no concrete climate, energy, or environmental protection action; it is primarily financial regulation.
It's designed to protect the economy from climate-related financial instability.
In clear language
This is a federal bill that would create a new committee to monitor how climate change affects the financial system and banks. The committee would study climate risks to make sure financial institutions are prepared for climate-related problems. It's designed to protect the economy from climate-related financial instability.
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?
- Banks and financial institutions that need to assess climate risks
- Investors and people with retirement accounts or savings
- Homeowners and communities vulnerable to climate disasters
- Businesses that depend on stable financial markets
What can you do?
- Contact your U.S. senators and representatives to support this bill if you think climate financial risks matter
- Ask your bank or financial advisor how they're preparing for climate-related financial risks
Timeline
- 2026-01-28: Bill referred to Banking Committee
In the press
Coverage notes that climate change poses major risks to financial markets, with a regulator warning of these threats to the financial system.
Coverage retrieved automatically from major and NJ outlets. Links go to the original reporting; the summary above draws only on these headlines.
No New Jersey official has a verified action on this policy yet.
Related policies
- 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.
- CongressJan 27, 2026Setting Up Committees to Study Climate Risks to the Financial System
This proposed federal bill would create two new committees—the Climate Financial Risk Committee and Climate Financial Risk Advisory Committee—within the Financial Stability Oversight Council (FSOC) to study climate-related financial risks. The bill is currently in early legislative stages, having been introduced in the House and referred to committee in January 2026, with no further action yet taken. If passed, these committees would analyze how climate change could affect the financial system.
- CongressDec 19, 2025Federal Law to Cut Pollution and Help Communities Affected by Climate Change
This is a federal bill that would require the United States to reduce greenhouse gas pollution (gases that cause climate change) gradually each year. The bill aims to cut emissions from power plants, vehicles, and industry while directing money and support to communities that have been hurt most by pollution. It's still in the early stages of Congress and hasn't been voted on yet.