# 119-sres-555: A resolution recognizing that climate change poses a threat to the mortgage market and to home values.

119-sres-555, A resolution recognizing that climate change poses a threat to the mortgage market and to home values., is a 119th Congress bill sponsored by Sen. Whitehouse, Sheldon [D-RI] (D-RI); status introduced (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-sres-555
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-sres-555
- Congress: 119
- Title: A resolution recognizing that climate change poses a threat to the mortgage market and to home values.
- Status: introduced
- Introduced: 2025-12-17
- Sponsor: Sen. Whitehouse, Sheldon [D-RI] (D-RI)
- Cosponsors: 10
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2026-04-21

## 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. - 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.

## Cosponsors (10)

- Sen. Merkley, Jeff [D-OR] (D-OR), 2025-12-17T00:00:00.000Z
- Sen. Schatz, Brian [D-HI] (D-HI), 2025-12-17T00:00:00.000Z
- Sen. Markey, Edward J. [D-MA] (D-MA), 2025-12-17T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2025-12-17T00:00:00.000Z
- Sen. Duckworth, Tammy [D-IL] (D-IL), 2025-12-17T00:00:00.000Z
- Sen. Smith, Tina [D-MN] (D-MN), 2025-12-17T00:00:00.000Z
- Sen. Padilla, Alex [D-CA] (D-CA), 2025-12-17T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2025-12-17T00:00:00.000Z
- Sen. Blunt Rochester, Lisa [D-DE] (D-DE), 2025-12-17T00:00:00.000Z
- Sen. Klobuchar, Amy [D-MN] (D-MN), 2025-12-18T00:00:00.000Z

## 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-sres-555 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-resolution/555)

## 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-sres-555 (as of 2026-04-21).