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H.R. 5253: Fossil Free Finance Act

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H.R. 5253: Fossil Free Finance Act

117th Congress · introduced 2021-09-14 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-09-14 · official record
  2. Who proposed it: Rep. Jones, Mondaire [D-NY-17] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Fossil Free Finance Act

Plain summary

Fossil Free Finance Act This bill requires large bank holding companies to develop and implement emission reduction plans. Such a plan must include strategies for a company to equitably reduce and eventually eliminate financed greenhouse gas emissions by January 1, 2050, and to discontinue specified fossil fuel projects and financing. The bill also prohibits the use of carbon offsets in such a plan, sets forth technological requirements for reductions, and requires the prioritization of specified social impacts. Plans must be submitted to the Board of Governors of the Federal Reserve System for approval every two years.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Fossil Free Finance Act

Source: Congressional Research Service summary (Introduced in House)

AI explanation – may be wrong, check the official text

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Jones, Mondaire [D-NY-17] · 20 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Ayanna Pressley (D-MA), Rashida Tlaib (D-MI), Adriano Espaillat (D-NY), Ritchie Torres (D-NY), Jesús G. "Chuy" García (D-IL), Jared Huffman (D-CA), Alexandria Ocasio-Cortez (D-NY), Emanuel Cleaver (D-MO), Jerrold Nadler (D-NY), Mark Takano (D-CA), Grace Meng (D-NY), Pramila Jayapal (D-WA), Ro Khanna (D-CA), James P. McGovern (D-MA), Bonnie Watson Coleman (D-NJ), Jamie Raskin (D-MD)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-hr5253 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117