Addressing Climate Financial Risk Act of 2026

# Addressing Climate Financial Risk Act of 2026 - Summary **What the Bill Would Do** The Addressing Climate Financial Risk Act of 2026 would require the federal government to better assess and disclose the financial risks that climate change poses to the economy. While the bill's specific provisions aren't detailed in the available information, legislation of this type typically aims to make financial institutions, insurance companies, and government agencies more transparent about how climate-related events (like extreme weather, flooding, or droughts) could affect their operations and investments. **Who It Affects and Current Status** This bill would primarily affect financial institutions, insurance companies, and federal agencies that manage investments or assess risk. It could also indirectly impact investors and consumers by requiring more disclosure about climate-related financial exposure.

As of now, the bill is in committee, meaning it has been introduced but hasn't yet advanced to a floor vote in the Senate. The bill was sponsored by Senator Tina Smith (D-Minnesota).