Climate Risk Disclosure Act of 2019
This bill directs the Securities and Exchange Commission (SEC) to require an issuer of securities to annually disclose information regarding climate change-related risks posed to the issuer, including an issuer's strategies and actions to mitigate these risks.
Among other things, issuers must (1) report their direct and indirect greenhouse-gas emissions, (2) disclose their fossil fuel-related assets, and (3) establish standards regarding the social cost of carbon.
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