Henry Stern
- Democratic
- Senator
- District 27
Author
Existing law generally provides for the regulation of various financial institutions, including banks, credit unions, and finance lenders, by the Department of Financial Protection and Innovation. Existing law requires the Secretary for Environmental Protection to coordinate greenhouse gas emission reductions and climate-change activities in state government. Executive Order N-19-19 requires, among other things, the Department of Finance to create a Climate Investment Framework and to consult with the Office of Planning and Research on the framework. This bill would require a covered entity, as defined, to, on or before December 31, 2022, and annually thereafter, prepare a climate-related financial risk report, as defined, and to submit to the Secretary of State, and make available to the public on its own internet website, a copy of that report. The bill would also require a covered entity to submit to the Secretary of State a statement affirming, not under penalty of perjury, that the climate-related financial risk report discloses climate-related financial risk, as required by the bill. This bill would also require, on or before January 31, 2023, and annually thereafter, the Secretary of State to deliver to the Climate-Related Risk Disclosure Advisory Group in the Office of Planning and Research copies of all climate-related financial risk reports received pursuant to these provisions in the prior calendar year and would require the office to make those reports available to the public on its internet website.
Returned to Secretary of Senate pursuant to Joint Rule 56.
January 20 hearing: Held in committee and under submission.
Set for hearing January 20.
May 20 hearing: Held in committee and under submission.
Set for hearing May 20.
May 17 hearing: Placed on APPR suspense file.
Set for hearing May 17.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 2. Page 985.) (April 29). Re-referred to Com. on APPR.
Set for hearing April 29.
Read second time and amended. Re-referred to Com. on E.Q.
From committee: Do pass as amended and re-refer to Com. on E.Q. (Ayes 6. Noes 2. Page 875.) (April 21).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I.
Set for hearing April 21.
April 7 set for first hearing canceled at the request of author.
Set for hearing April 7.
(Ayes 32. Noes 4.)
Joint Rule 55 suspended. (Ayes 32. Noes 4. Page 272.)
Art. IV. Sec. 8(a) of the Constitution dispensed with.
From printer. May be acted upon on or after March 19.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB449 | HTML |
| 02/16/21 - Introduced | |
| 04/13/21 - Amended Senate | |
| 04/22/21 - Amended Senate |
| Document | Format |
|---|---|
| 04/19/21- Senate Banking and Financial Institutions | |
| 04/28/21- Senate Environmental Quality | |
| 05/14/21- Senate Appropriations |
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