RESPOND Act of 2024
This bill died when its Congress ended.
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The Federal Retirement Thrift Investment Board must establish an advisory panel on the economics of climate change to advise and report on how the board can implement investment strategies that align with the United States’ goal of zero greenhouse gas emissions by 2050. The board must then assess whether implementing low-carbon investment strategies is profitable and consistent with its duties. If the board is unable to find that such strategies would be profitable, the bill establishes the Climate Choice Stock Index Fund as part of the Federal Employees Retirement System's Thrift Savings Plan. This fund is established as an investment portfolio that performs similarly to other plan index funds, but does not invest in fossil fuels. Finally, the Federal Reserve Board and the Securities and Exchange Commission must annually report on the economic costs of climate change.
Filed in the House
This house bill has been filed and is working its way through Congress. It will need to pass both the House and the Senate, then be signed by the President to become law.
Who introduced this
Emanuel Cleaver
DemocratU.S. Representative · MO-5
19 cosponsors — all Democrat
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