Support legislation requiring banks to discontinue financing new or expanded fossil fuel projects within 60 days of enactment, immediately end thermal coal financing and facilitation, and eliminate facilitation of deforestation-risk commodities.

Edward J. Markey · Massachusetts · Democratic

policy impact 0.82 specificity 0.92 extraction confidence 88%

Commitment kind: action. Promised action: Support legislation requiring banks to stop financing new or expanded fossil fuel projects, end thermal coal financing and facilitation, and eliminate facilitation of deforestation-risk commodities.. Promised outcome: Banks cease specified fossil fuel and deforestation-related financing and facilitation activities.. Deadline: unknown; not assumed expired. Federal Senate press release announcing Markey's reintroduction of the Fossil Free Finance Act of 2026.

Occurrences

Additionally, it would require banks to discontinue financing for new or expanded fossil fuel projects within 60 days of enactment, immediately discontinue thermal coal financing and facilitation, and eliminate facilitation of deforestation risk commodities.

Markey's announced bill would require banks to stop financing new or expanded fossil fuel projects shortly after enactment, end thermal coal financing immediately, and eliminate facilitation of deforestation-risk commodities.

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

Evidence

verified · Source version 86751 · locator 1311

Senator Edward J. Markey (D-Mass.), member of the Environment and Public Works Committee, today announced the reintroduction of the Fossil Free Finance Act.

Fetched verbatim passage. AI summary (separate from source): Within the lookback window, Markey announced renewed support for the Fossil Free Finance Act, showing concrete legislative effort but not enactment.

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 93%

verified · Source version 86751 · locator 1904

Additionally, it would require banks to discontinue financing for new or expanded fossil fuel projects within 60 days of enactment, immediately discontinue thermal coal financing and facilitation, and eliminate facilitation of deforestation risk commodities.

Fetched verbatim passage. AI summary (separate from source): The announced bill matches the commitment’s substantive requirements, but the wording is prospective and tied to enactment.

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 95%

unverified · Source version 86761 · locator unknown

Mr. MARKEY (for himself, Mr. MERKLEY, Mr. SANDERS, and Ms. WARREN) introduced the following bill; which was read twice and referred to the Committee on llllllllll

Unverified model/legacy excerpt; not proof. AI summary (separate from source): The bill text identifies Markey as the Senate sponsor, supporting an effort finding rather than delivery.

unresolved same_term A for effort

fossil_free_finance_act.pdf
secondary · model gpt-5.5 · confidence 90%

unverified · Source version 86761 · locator unknown

a plan to discontinue new or expanded fossil fuel projects not later than 60 days after the date of enactment of this section;

Unverified model/legacy excerpt; not proof. AI summary (separate from source): The bill text includes the 60-day discontinuation requirement for new or expanded fossil-fuel projects.

unresolved same_term A for effort

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

unverified · Source version 86761 · locator unknown

a plan for the covered bank holding company to immediately discontinue thermal coal financing and facilitation.;

Unverified model/legacy excerpt; not proof. AI summary (separate from source): The bill text includes the immediate thermal-coal financing and facilitation requirement.

unresolved same_term A for effort

fossil_free_finance_act.pdf
secondary · model gpt-5.5 · confidence 93%

unverified · Source version 86763 · locator unknown

10/5/2026 | H.R. 10746 | Fossil Free Finance Act of 2026 Official Title To amend the Bank Holding Company Act of 1956 and the Financial Stability Act of 2010 to require a reduction of financial sector emissions to protect financial stability, and for other purposes.Sponsor Rep. Pressley, Ayanna [D-MA-7]Introduced October 5, 2026 Lastest Action October 5, 2026 - Referred to the House Committee on Financial Services.

Unverified model/legacy excerpt; not proof. AI summary (separate from source): The House companion had only been introduced and referred as of October 5, 2026, so enactment had not occurred in the lookback window.

unresolved same_term

live.house.gov, U.S. House of Representatives
secondary · model gpt-5.5 · confidence 86%

Assessments

Public state: unverified As of unknown · unverified · Source revision or retrieval eligibility changed; current packet requires reassessment.. Original AI recommendation (not independently established): unresolved. unknown

provider integrity · model deterministic · confidence 0%

Public state: pending As of 2026-10-09 · verified · . Original AI recommendation (not independently established): unresolved. unknown A for effort

The verified commitment describes what the Fossil Free Finance Act would require upon enactment. Verified evidence shows Markey announced the reintroduction of that Act and that the bill would include the specified bank-financing restrictions, supporting documented legislative effort attributable to him. However, the verified passages do not show enactment or that banks actually ceased the covered financing activities, and there is no expired deadline. Under the policy, introduction or support of a bill does not fulfill an enactment/outcome promise.

provider codex_cli · model gpt-5.5 · confidence 93%