Require the Federal Reserve to report to Congress on financial sector emissions, covered institutions' commitments, progress toward emissions targets, regulatory gaps, data challenges, and equitable transition needs.

Rashida Tlaib · Michigan · Democratic

oversight impact 0.58 specificity 0.86 extraction confidence 88%

Commitment kind: action. Promised action: Require the Federal Reserve to report to Congress on financial sector emissions and related implementation issues.. Promised outcome: Congress receives oversight information on emissions, progress, gaps, data challenges, and equitable transition needs.. Deadline: unknown; not assumed expired. U.S. House press release announcing Rep. Rashida Tlaib's 2026 reintroduction of the Fossil Free Finance Act as Michigan's 12th District representative.

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The Fossil Free Finance Act of 2026 would address climate-related threats to financial stability and help align the financial sector with science-based emissions targets by redefining financial sector emissions, mandating bank holding companies with at least $50 billion in assets to align with science-based emissions targets, and requiring the Federal Reserve to report to Congress on financial sector emissions, commitments by covered institutions, progress toward emissions targets, regulatory gaps, data challenges, and equitable transition needs.

Tlaib's announced legislation would require the Federal Reserve to report to Congress on emissions, institutional commitments, target progress, regulatory gaps, data challenges, and equitable transition needs.

Reps. Tlaib, Pressley, Senator Markey Announce Legislation to Stop Big Banks from Bankrolling the Climate Crisis
primary · press_release · model gpt-5.5

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