arrow_back Civic Audit
Share share

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.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 118_HR_4888
Sponsor: Rep. Schiff, Adam B. [D-CA-30]
Process start date: 2023-07-25
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Environment