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United States · Bill · HR

H.R. 2443 (118th)

Fossil Free Financing Act of 2023

referredUnited States· United States Congress· EN

Introduced

30 March 2023

Last action

30 March 2023 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Pressley, Ayanna [D-MA-7], Rep. Tlaib, Rashida [D-MI-12], Rep. Jayapal, Pramila [D-WA-7], Rep. Bowman, Jamaal [D-NY-16], Rep. McGovern, James P. [D-MA-2], Rep. Omar, Ilhan [D-MN-5], Rep. Bush, Cori [D-MO-1], Rep. Meng, Grace [D-NY-6], Rep. Lee, Summer L. [D-PA-12], Rep. Lee, Barbara [D-CA-12], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Ocasio-Cortez, Alexandria [D-NY-14], Rep. Raskin, Jamie [D-MD-8], Rep. Huffman, Jared [D-CA-2], Rep. Khanna, Ro [D-CA-17], Rep. Watson Coleman, Bonnie [D-NJ-12], Rep. Balint, Becca [D-VT-At Large], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Pingree, Chellie [D-ME-1], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Frost, Maxwell [D-FL-10], Rep. Casar, Greg [D-TX-35]

Subjects

Discovery layer

Source updated

5 December 2025

Official sourceDownload fileView documentsShare

Summary

Fossil Free Financing Act of 2023 This bill requires large bank holding companies to set forth plans to reduce and ultimately eliminate the financing of activities that contribute to greenhouse gas emissions and deforestation. Specifically, the bill prohibits the financing of (1) new or expanded fossil fuel projects immediately, (2) thermal coal by 2025, and (3) all fossil fuel projects by 2030. Further, the Financial Stability Oversight Council must consider the activities of certain bank holding companies and nonbank financial companies that contribute to emissions as part of the prudential supervision process. The Board of Governors of the Federal Reserve System must report on financed emissions in the financial system, the estimated emissions to meet science-based emissions targets, and recommendations for addressing regulatory gaps in reducing such emissions that cannot be addressed by the board.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 30 March 2023

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 30 March 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 30 March 2023

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 30 March 2023

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 30 March 2023

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 30 March 2023

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Sponsors

Related records

Sources

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