PRIA Logo™
119-sres-555119th Congress

A resolution recognizing that climate change poses a threat to the mortgage market and to home values.

Sponsored By: Senator Whitehouse, Sheldon [D-RI]

Introduced

Summary

Climate change threatens home values and the mortgage market. This resolution would lay out findings that sea‑level rise, repeated weather disasters, and changes in insurance are already cutting property values and could stress housing finance and the wider economy. It frames these trends as a systemic risk to homeowners and lenders.

Show full summary
  • Families and homeowners: The resolution notes that coastal properties in Florida, South Carolina, North Carolina, Virginia, and Georgia lost about $7.4 billion between 2005 and 2017 because of sea‑level rise related flooding, and that housing values fall after weather disasters in the same ZIP Code.
  • Future property risk: It finds more than 300,000 homes and commercial properties face chronic flooding in the next 30 years, with $136 billion in value at risk by 2045, and nearly 2.5 million properties (about $1.07 trillion in today’s dollars) at risk by century’s end.
  • Insurance and financial strain: The resolution cites forecasts that U.S. residential property could lose about $1.5 trillion over 30 years from costly or unavailable insurance, notes an April 2024 Federal Housing Finance Agency recognition of the threat, and warns of cascading risks to insurance, mortgages, and banks.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Whitehouse, Sheldon [D-RI]

RI • D

Cosponsors

  • Sen. Merkley, Jeff [D-OR]

    OR • D

    Sponsored 12/17/2025

  • Sen. Schatz, Brian [D-HI]

    HI • D

    Sponsored 12/17/2025

  • Sen. Markey, Edward J. [D-MA]

    MA • D

    Sponsored 12/17/2025

  • Sen. Van Hollen, Chris [D-MD]

    MD • D

    Sponsored 12/17/2025

  • Sen. Duckworth, Tammy [D-IL]

    IL • D

    Sponsored 12/17/2025

  • Sen. Smith, Tina [D-MN]

    MN • D

    Sponsored 12/17/2025

  • Sen. Padilla, Alex [D-CA]

    CA • D

    Sponsored 12/17/2025

  • Sen. Welch, Peter [D-VT]

    VT • D

    Sponsored 12/17/2025

  • Sen. Blunt Rochester, Lisa [D-DE]

    DE • D

    Sponsored 12/17/2025

  • Sen. Klobuchar, Amy [D-MN]

    MN • D

    Sponsored 12/18/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation