Sponsors (9)
The resolution promotes an orderly transition and improved financial planning to reduce climate-driven losses and systemic risk, but it also risks higher insurance and compliance costs and potential property‑market disruptions that could hurt homeowners and shift costs to consumers and taxpayers.
Homeowners and property markets: less likely to suffer sudden, widespread property losses because the resolution encourages an early, orderly transition that reduces long‑term climate-driven risks.
Financial institutions and taxpayers: improved financial system stability because acknowledging climate-driven structural risks encourages banks and regulators to plan for and mitigate those risks.
Consumers and communities (including rural communities): fewer disruptions from extreme-weather losses because policies that reduce greenhouse gas emissions lower long‑term economic damages and climate impacts.
Homeowners (especially in high‑risk areas): face higher insurance costs and reduced availability, which can raise housing costs and make it harder to sell or mortgage properties, reducing household wealth.
Taxpayers and consumers: may bear higher costs if banks and insurers face new regulatory requirements or compliance expenses that are passed through in the form of higher fees, premiums, or taxes.
Homeowners and taxpayers: if insurance and mortgage markets destabilize despite transition efforts, people could suffer large property‑value losses and reduced access to credit, creating broader household‑wealth and fiscal risks.
Based on analysis of 2 sections of legislative text.
Records findings that climate change poses large economic and financial risks and that an early, orderly low‑carbon transition can reduce systemic shocks.
Declares congressional findings that climate change poses serious and growing economic and financial risks—rising extreme weather losses, unaffordable or unavailable property insurance, potential large declines in global residential property values, and large long-term losses to global GDP. Emphasizes warnings from banks and financial bodies that climate-driven risks could destabilize financial systems and that an early, orderly transition to a low‑carbon economy will reduce the chance of sudden shocks.
Official title: Recognizing that climate change portends a cascade of financial market collapses that would destabilize the national and global economies.
Introduced December 17, 2025 by Sheldon Whitehouse · Last progress December 17, 2025