The bill, known as the Climate Change Financial Risk Act of 2025, mandates the Federal Reserve's Board of Governors, in consultation with other federal agencies, to conduct financial risk analyses related to climate change. It acknowledges the significant risks climate change...
Simple Explanation
The Climate Change Financial Risk Act of 2025 asks the Federal Reserve and other government agencies to look at how climate change could cause money problems for banks and big companies, and to make sure they have plans to handle those problems so people don't lose money.