S. 1471 aims to address financial risks related to climate change by tasking the Federal Reserve Board, along with other federal agencies, to conduct climate-focused financial risk analyses. The bill establishes the Climate Risk Scenario Technical Development Group to develop...
Simple Explanation
S. 1471 is a plan for the people who manage money in the country to figure out how climate change might cause problems with money and to make sure big banks are ready for those problems.