# 119-s-1471: Climate Change Financial Risk Act of 2025

119-s-1471, Climate Change Financial Risk Act of 2025, is a 119th Congress bill sponsored by Sen. Schatz, Brian [D-HI] (D-HI); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-1471
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1471
- Congress: 119
- Title: Climate Change Financial Risk Act of 2025
- Status: introduced
- Introduced: 2025-04-10
- Sponsor: Sen. Schatz, Brian [D-HI] (D-HI)
- Cosponsors: 7
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Would require large banks and certain nonbank financial firms to undergo regular climate-driven stress tests and build capital plans for climate risks.** The bill would create federal scenarios, a technical advisory group, public reporting, and give the Federal Reserve conditional authority to object to firms' climate plans and limit capital distributions.

## Cosponsors (7)

- Sen. Warren, Elizabeth [D-MA] (D-MA), 2025-04-10T00:00:00.000Z
- Sen. Merkley, Jeff [D-OR] (D-OR), 2025-04-10T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2025-04-10T00:00:00.000Z
- Sen. Whitehouse, Sheldon [D-RI] (D-RI), 2025-04-10T00:00:00.000Z
- Sen. Murray, Patty [D-WA] (D-WA), 2025-04-10T00:00:00.000Z
- Sen. Heinrich, Martin [D-NM] (D-NM), 2025-04-10T00:00:00.000Z
- Sen. Booker, Cory A. [D-NJ] (D-NJ), 2025-04-10T00:00:00.000Z

## Provisions PRIA read

- Federal Reserve climate scenarios group: benefit, medium. If enacted, the bill would require the Federal Reserve to set up a 10-member Climate Risk Scenario Technical Development Group. Five members must be climate scientists and five must be economists, and members would be unpaid. The group would help the Fed develop three climate scenarios within 1 yea…
- Which banks and firms are covered: cost, high. If enacted, the bill would make very large banks and nonbank financial firms subject to extra Fed supervision. Firms with $250 billion or more in total consolidated assets would be automatically covered. Firms with $100 billion or more could be designated covered after a Fed risk-based review. The…
- Climate stress tests, plans, and surveys: mixed, high. If enacted, the Fed would run climate stress tests of each covered entity every two years using the required scenarios to check capital needs. For the first three analyses, covered entities would face no adverse consequences and the Fed must publish summaries and send results to Congress within 60…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-3869: Healthy Families Act
- 119-s-51: Washington, D.C. Admission Act
- 119-s-5108: Right to IVF Act of 2026
- 119-s-1503: Equality Act

## Sources
- [119-s-1471 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1471)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [119-s-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-s-51)
- [119-s-5108: Right to IVF Act of 2026](https://policyrisk.com/legislation/119-s-5108)
- [119-s-1503: Equality Act](https://policyrisk.com/legislation/119-s-1503)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1471 (as of 2026-04-21).