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Insurance Companies to Disclose Fossil Fuel Investments

This new act requires large insurance companies to disclose their investments and insurance policies related to coal mining, oil, and gas extraction. The goal is to increase transparency and monitor financial risks for consumers and the financial system, potentially impacting the stability of the insurance market.
Key points
Large insurance companies (with annual premiums over $100 million) must annually disclose their investments in the fossil fuel sector.
These companies will also need to disclose insurance policies written for coal, oil, and gas extraction companies, including maximum exposure and direct written premiums.
The collected information will be publicly available, allowing citizens to better understand insurance companies' ties to the fossil fuel industry.
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Expired
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Additional Information
Print number: 118_HR_4888
Sponsor: Rep. Schiff, Adam B. [D-CA-30]
Process start date: 2023-07-25
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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

Polluter Portfolio Disclosure Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4888.

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 2023-07-25.

What are the main provisions?

Key points include:

  • Large insurance companies (with annual premiums over $100 million) must annually disclose their investments in the fossil fuel sector.
  • These companies will also need to disclose insurance policies written for coal, oil, and gas extraction companies, including maximum exposure and direct written premiums.
  • The collected information will be publicly available, allowing citizens to better understand insurance companies' ties to the fossil fuel industry.
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. Schiff, Adam B. [D-CA-30].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Environment