House Committee Passes Risk Disclosure Act, Would Establish SEC Rules on Climate Risks

(WASHINGTON, DC – July 16, 2019)—Today, the House Financial Services Committee passed the Climate Risk Disclosure Act of 2019, H.R. 3623. The bill would require the U.S. Securities and Exchange Commission (SEC) to establish climate-related risk disclosure standards and guidance for publicly traded companies.

"The market can help solve the climate crisis, but the market can't price a risk it doesn't understand. That's why the SEC has an important role to play in helping to standardize and improve climate risk disclosure," said Ben Ratner, Senior Director of EDF+Business at the Environmental Defense Fund.