Support legislation requiring large bank holding companies to adopt emission transition plans that cut financial sector emissions 50 percent by 2035 and reach zero financial sector emissions by 2050.

Under this legislation, large bank holding companies would be required to implement plans to reduce financial sector emissions 50 percent by 2035 and reach zero financial sector emissions by 2050.

Markey announced legislation that would require large bank holding companies to implement transition plans cutting financial sector emissions by half by 2035 and to zero by 2050.

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

verified · Source version 86751 · locator 1401

today announced the reintroduction of the Fossil Free Finance Act.

Fetched verbatim passage. AI summary (separate from source): Within the lookback window, Markey's office announced renewed support for the Fossil Free Finance Act, the bill matching the commitment's bank transition-plan and emissions-reduction policy.

unresolved same_term A for effort

Senator Markey, Reps. Tlaib, Pressley Announce Legislation to Stop Big Banks from Bankrolling the Climate Crisis
primary · model gpt-5.5 · confidence 96%

unverified · Source version 86761 · locator unknown

reduce the financial sector emissions of the bank holding company by 50 percent

Unverified model/legacy excerpt; not proof. AI summary (separate from source): The 2026 bill text posted by Markey's office contains the core requirement for covered bank holding companies to reduce financial-sector emissions, including the 50 percent reduction framework and a separate zero-emissions plan by 2050.

unresolved same_term A for effort

fossil_free_finance_act.pdf
secondary · model gpt-5.5 · confidence 94%

verified · Source version 86756 · locator 450

Latest action: Referred to the House Committee on Financial Services.

Fetched verbatim passage. AI summary (separate from source): The House companion measure was introduced and referred to committee during the lookback window, indicating concrete legislative movement but not enactment.

unresolved same_term A for effort

H.R. 10746 — Fossil Free Finance Act of 2026 | Vote Files
secondary · model gpt-5.5 · confidence 86%

verified · Source version 86756 · locator 1387

Recorded votes None taken

Fetched verbatim passage. AI summary (separate from source): As last checked on October 8, 2026, the 2026 House bill had not received a recorded vote, so the policy remained unresolved rather than delivered.

unresolved same_term

H.R. 10746 — Fossil Free Finance Act of 2026 | Vote Files
secondary · model gpt-5.5 · confidence 84%

verified · Source version 86758 · locator 1238

introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

Fetched verbatim passage. AI summary (separate from source): GovInfo records Markey as sponsor of the 2023 Senate version and shows it was referred to committee, documenting prior same-term effort but no enactment from that bill record.

unresolved same_term A for effort

S. 1138 (IS) - Fossil Free Finance Act of 2023 - BILLS-118s1138is | Content Details | GovInfo
secondary · model gpt-5.5 · confidence 93%

verified · Source version 86760 · locator 1613

Covered bank holding company.--The term `covered bank holding company' means a bank holding company with total consolidated assets not less than $50,000,000,000.

Fetched verbatim passage. AI summary (separate from source): The earlier official Senate bill text applied the transition-plan requirements to large bank holding companies, matching the institution scope in the commitment, but it remained an attempt rather than enacted law.

unresolved same_term A for effort

S. 1138 (IS) - Fossil Free Finance Act of 2023 bill text
secondary · model gpt-5.5 · confidence 92%