United States · Bill · HR
H.R. 5253 (117th)
Fossil Free Finance Act
Introduced
14 September 2021
Last action
—
Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Fossil Free Finance Act This bill requires large bank holding companies to develop and implement emission reduction plans. Such a plan must include strategies for a company to equitably reduce and eventually eliminate financed greenhouse gas emissions by January 1, 2050, and to discontinue specified fossil fuel projects and financing. The bill also prohibits the use of carbon offsets in such a plan, sets forth technological requirements for reductions, and requires the prioritization of specified social impacts. Plans must be submitted to the Board of Governors of the Federal Reserve System for approval every two years.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
No timeline events have been ingested for this record yet.
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 14 September 2021
Introduced in House (PDF)
Introduced in House · EN · 14 September 2021
Introduced in House
summary · EN · 14 September 2021
Sponsors
No sponsors or actors listed by the source.
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/house-bill/5253
- Open data entity: https://api.congress.gov/v3/bill/117/hr/5253