Based on a proposal by Professor Saule Omarova, this legislation would establish a new federal agency to coordinate federal investment range toward a range of critical infrastructure needs, most notably the climate crisis. The bill's infrastructure bank, public asset manager, and bailout manager functions are explained in this overview.
Based on a proposal by financial stability expert Gregg Gelzinis, this legislation directs the federal banking regulators to establish the strongest possible climate risk supervision framework, including climate risk-weighed capital requirements and the integration of climate risks into stress tests.
Based on a paper by Professor Jeremy Kress, this legislation by Rep. Chuy Garcia and Sen. Elizabeth Warren would reform the "rubber-stamping" of bank mergers by the Federal Reserve and other prudential regulators by giving the CFPB a role in reviewing consumer protection considerations for major bank mergers, clarifying financial stability factors that regulators must consider, and more.