S. 5592 seeks to amend the Bank Holding Company Act of 1956 to prevent bank holding companies from supporting the production of fossil fuels from new sources and from funding the creation of new or expanded fossil fuel infrastructure. The bill defines detailed terms related...
Simple Explanation
The bill wants to stop big banks from giving money to projects that make or build new fossil fuels, like oil or coal, by saying they can’t help those projects in any way, and if they do, they might have to pay a lot of money as a punishment.