Sponsors (11)
The resolution increases awareness of climate-driven property and financial risks—helping policymakers and homeowners take mitigating actions and potentially spur resilience investment—but that transparency may also depress local property markets, raise mortgage and insurance costs, and create fiscal exposure for taxpayers.
Policymakers and financial regulators (including agencies like FHFA) are alerted to climate-driven, systemic mortgage and insurance risks, enabling earlier policy or regulatory action to protect mortgage markets and reduce risk of cascading bank or insurer failures.
Homeowners and property owners gain clearer information about climate-driven financial risks to property values, enabling better planning, relocation or mitigation decisions to reduce future losses.
At-risk communities and housing (including rural communities) may receive increased attention that could spur funding, programs, or investments in resilience and infrastructure to protect residents and lower future disaster costs.
Homeowners in identified at-risk areas may see local property values decline or face higher mortgage costs if markets react to public findings about projected losses.
Homeowners and taxpayers could face higher insurance premiums, reduced coverage availability, or inability to obtain insurance if regulators or insurers respond to the reported risks by restricting offerings or raising prices.
If government steps in to stabilize mortgage, insurance, or housing markets (e.g., bailouts or subsidies), taxpayers could bear new fiscal costs.
Based on analysis of 2 sections of legislative text.
Expresses congressional findings that climate change and sea-level rise threaten U.S. housing values and financial stability, citing studies and regulator warnings about large projected property losses.
Introduced December 17, 2025 by Sheldon Whitehouse · Last progress December 17, 2025
States findings that climate change and sea-level rise threaten U.S. housing values and overall financial stability, citing studies that quantify historical and projected property-value losses and warnings from financial regulators. The resolution highlights research showing billions in past coastal home value losses, projections of hundreds of thousands to millions of properties at chronic flood risk with hundreds of billions to over a trillion dollars in current-value losses, and regulator warnings about cascading financial risks.