legislation: 117-s-5264

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
117-s-5264 117 s 5264 Protecting America's Economy from the Carbon Bubble Act of 2022 Finance and Financial Sector 2022-12-15 2022-12-15 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Merkley, Jeff [D-OR] OR D M001176 0 Protecting America's Economy from the Carbon Bubble Act of 2022 This bill prohibits certain financial companies (including bank holding companies, savings and loan holding companies, and insured depository institutions) from involvement in fossil fuel production. Prohibited activities include providing loans to and making investments in fossil fuel companies or projects, facilitating transactions that fund new fossil fuel production, securitizing assets that provide funds for new fossil fuel production, and entering into certain derivatives transactions related to new fossil fuel production. Violators are subject to criminal and civil penalties. 2023-03-09T01:16:02Z  

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