US Democratic senators call for Fed to act on climate change

Fed has been “ignoring” financial risks of climate change, Democratic senator says

Elizabeth Warren
Senate Democrats

Ten US senators from the Democratic party are backing a draft law that would require the Federal Reserve to conduct climate change-related stress tests.

Democratic senator Brian Schatz, one of the draft law’s backers, called on the Fed to stop “ignoring” the financial risks of climate change.

“This bill will push the Fed to do their job and start taking climate risk seriously,” said Schatz, who is also a member of the Senate Banking Committee.

The legislation is being supported by nine other

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.