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House Panel Approves Bill for Companies to Report Climate Risks

July 17, 2019, 1:28 AM

A House bill that would require publicly traded companies to report on their exposure to business risks from climate change has advanced.

The House Financial Services Committee approved the bill 34-25 in a July 16 vote. It is a companion to legislation that Sen. Elizabeth Warren (D-Mass.) has pitched as part of her presidential run. Rep. Sean Casten (D-Ill.) is sponsoring the legislation in the House.

The measure (H.R. 3623), which now heads toward a House floor vote, is likely to gain more traction among Democrats in the House than in the Republican-led Senate.

Many companies already provide disclosures on ...