# 119-s-3711: Addressing Climate Financial Risk Act of 2026

119-s-3711, Addressing Climate Financial Risk Act of 2026, is a 119th Congress bill sponsored by Sen. Smith, Tina [D-MN] (D-MN); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-3711
- 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-3711
- Congress: 119
- Title: Addressing Climate Financial Risk Act of 2026
- Status: introduced
- Introduced: 2026-01-28
- Sponsor: Sen. Smith, Tina [D-MN] (D-MN)
- Cosponsors: 5
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Integrating climate risk into financial oversight.** This bill would create two new council bodies to coordinate data, analysis, and standards so regulators spot and manage climate-related threats to the financial system.

## Cosponsors (5)

- Sen. Merkley, Jeff [D-OR] (D-OR), 2026-01-28T00:00:00.000Z
- Sen. Warren, Elizabeth [D-MA] (D-MA), 2026-01-28T00:00:00.000Z
- Sen. Heinrich, Martin [D-NM] (D-NM), 2026-01-28T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2026-01-28T00:00:00.000Z
- Sen. Padilla, Alex [D-CA] (D-CA), 2026-01-28T00:00:00.000Z

## Provisions PRIA read

- Zip‑level homeowners insurance data: benefit, high. If enacted, the Federal Insurance Office would publish an updated insurance sector report within one year. The Office would also require insurers to provide zip code–level homeowners underwriting data for 2023 and 2024 and publish annual datasets thereafter. The dataset would include premiums, poli…
- Annual climate risk reports and research: benefit, medium. If enacted, FSOC would publish a coordinated climate financial risk report within 270 days and then every year. The report would assess impacts on financial stability, data gaps, insurance and housing finance, bank and nonbank risk management, disclosures, and recommend steps for regulators and Con…
- New federal climate oversight committees: benefit, medium. If enacted, the Financial Stability Oversight Council would get a permanent Climate Financial Risk Committee staffed by member agencies and led by the Deputy Assistant Secretary. The bill would also create an external Advisory Committee on Climate Risk with up to 30 members, including climate scien…
- Stronger climate rules for big financial firms: cost, medium. If enacted, federal banking agencies and the National Credit Union Administration would update supervisory guidance on climate risk for institutions with more than $50 billion in assets. Guidance would cover credit, liquidity, market, operational, and reputational risk and be coordinated through th…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-2763: Keep Billionaires Out of Social Security Act
- 119-s-3869: Healthy Families Act
- 119-s-51: Washington, D.C. Admission Act

## Sources
- [119-s-3711 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3711)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-2763: Keep Billionaires Out of Social Security Act](https://policyrisk.com/legislation/119-s-2763)
- [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)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3711 (as of 2026-04-21).