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![handle is hein.congrecreports/crptxadvt0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION .
117TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 117-39
CLIMATE RISK DISCLOSURE ACT OF 2021
MAY 20, 2021.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Ms. WATERS, from the Committee on Financial Services,
submitted the following
R E P O R T
together with
MINORITY VIEWS
[To accompany H.R. 2570]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 2570) to amend the Securities Exchange Act of 1934 to
require certain disclosures relating to climate change, and for other
purposes, having considered the same, reports favorably thereon
with an amendment and recommends that the bill as amended do
pass.
CONTENTS
Page
Purpose and Sum m ary ............................................................................................ 7
Background and Need for Legislation ................................................................... 7
Section-by-Section Analysis of the Legislation ..................................................... 8
H e arin g s ................................................................................................................... 10
Com m ittee Consideration ........................................................................................ 10
C om m ittee V otes ...................................................................................................... 10
Com m ittee Oversight Findings ............................................................................... 13
Statement of Performance Goals and Objectives .................................................. 13
New Budget Authority and C.B.O. Cost Estimate ................................................ 13
C om m ittee C ost E stim ate ....................................................................................... 15
Federal M andates Statem ent ................................................................................. 15
A dvisory Com m ittee Statem ent .............................................................................. 15
Applicability to Legislative Branch ........................................................................ 15
Congressional Earmarks, Limited Tax Benefits, and Limited Tariff Benefits ... 16
D uplicative Federal Program s ................................................................................ 16
Changes in E xisting L aw ........................................................................................ 16
M in ority V iew s ......................................................................................................... 46
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