118th Congress · HOUSE BILLBILL

H.R. 4888 — Polluter Portfolio Disclosure Act

“To require certain insurance companies to disclose investments and underwriting that relate to coal mining and oil and gas extraction and fossil fuel extraction, and for other purposes.”

Finance and financial sector

Introduced Jul 25, 2023

Last action Jul 25, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 25, 2023

Step 2

Referred

Jul 25, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires certain insurance companies to annually disclose investments in, and insurance policies relating to, fossil fuel extraction. Specifically, insurance companies that annually collect premiums of at least $100 million must report this information to Congress, the Office of Financial Research, the Financial Stability Oversight Counsel, and the Federal Insurance Office. The Office of Financial Research, the Financial Stability Oversight Counsel, and the Federal Insurance Office must use this information to enhance monitoring of financial risks to consumers, individual insurance companies, and the financial system.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jul 25, 2023

Introduced in House

Jul 25, 2023

Referred to the House Committee on Financial Services.