United States · Bill · S
S. 5264 (117th)
Protecting America's Economy from the Carbon Bubble Act of 2022
Introduced
15 December 2022
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
Protecting America's Economy from the Carbon Bubble Act of 2022 This bill prohibits certain financial companies (including bank holding companies, savings and loan holding companies, and insured depository institutions) from involvement in fossil fuel production. Prohibited activities include providing loans to and making investments in fossil fuel companies or projects, facilitating transactions that fund new fossil fuel production, securitizing assets that provide funds for new fossil fuel production, and entering into certain derivatives transactions related to new fossil fuel production. Violators are subject to criminal and civil penalties.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 15 December 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 15 December 2022
Introduced in Senate
summary · EN · 15 December 2022
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/5264
- Open data entity: https://api.congress.gov/v3/bill/117/s/5264