To authorize the imposition of sanctions with respect to significant actions that exacerbate climate change, to reinforce comprehensive efforts to limit global average temperature rise, and for other purposes.
About This Bill
Committee
Latest Action · November 13, 2024
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
The Targeting Environmental and Climate Recklessness Act of 2024 would authorize the President to impose economic sanctions against foreign individuals and entities engaged in activities that significantly worsen climate change or harm environmental defenders. The bill allows the President to sanction those who build or promote coal-fired power plants that don't align with climate science, engage in illegal deforestation, misrepresent environmental impacts of projects, or threaten people defending the environment or indigenous lands. Penalties can include visa revocation and blocking of assets held in U.S. financial systems. The legislation emphasizes that these targeted measures should complement broader U.S. efforts to address climate change, including international climate finance and cooperation with other countries to implement similar sanctions. While the bill does not specify a dollar amount for implementation, it authorizes necessary funding to the Treasury Department's Office of Foreign Assets Control to enforce these sanctions.
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