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Climate Change Economic Reports and Green Retirement Investments

This act aims to increase awareness of the economic costs of climate change through mandatory reports. It could influence how federal employee retirement funds are managed, potentially directing them towards more environmentally friendly investments. Citizens may benefit from more stable pensions and a better understanding of climate's economic impact.
Key points
The Federal Reserve Board and the Securities and Exchange Commission will annually report to Congress on the economic costs of climate change, including impacts on the labor market, economic growth, and public health.
An advisory panel will be established to explore how federal retirement funds can invest in green technologies to achieve net-zero greenhouse gas emissions by 2050, while maximizing returns.
If the retirement fund board deems it financially profitable, new investment strategies avoiding fossil fuel entities may be implemented, offering a new fossil-fuel-free fund option for federal employees.
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Expired
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Additional Information
Print number: 117_HR_1618
Sponsor: Rep. Cleaver, Emanuel [D-MO-5]
Process start date: 2021-03-08
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

RESPOND Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1618.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-08.

What are the main provisions?

Key points include:

  • The Federal Reserve Board and the Securities and Exchange Commission will annually report to Congress on the economic costs of climate change, including impacts on the labor market, economic growth, and public health.
  • An advisory panel will be established to explore how federal retirement funds can invest in green technologies to achieve net-zero greenhouse gas emissions by 2050, while maximizing returns.
  • If the retirement fund board deems it financially profitable, new investment strategies avoiding fossil fuel entities may be implemented, offering a new fossil-fuel-free fund option for federal employees.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Cleaver, Emanuel [D-MO-5].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Environment Economy Public Investments