U.S. Congress legislation · 119th Congress
HB10746: Fossil Free Finance Act of 2026
Status: In committee, October 5, 2026
To amend the Bank Holding Company Act of 1956 and the Financial Stability Act of 2010 to require a reduction of financial sector emissions to protect financial stability, and for other purposes.
What the bill says
To amend the Bank Holding Company Act of 1956 and the Financial Stability Act of 2010 to require a reduction of financial sector emissions to protect financial stability, and for other purposes.
From the introduced text, October 5, 2026:
A BILL To amend the Bank Holding Company Act of 1956 and the Financial Stability Act of 2010 to require a reduction of financial sector emissions to protect financial stability, and for other purposes. SECTION 1. Short title This Act may be cited as the Fossil Free Finance Act of 2026 . SECTION 2. Alignment of financial sector emissions with science-based targets The Bank Holding Company Act of 1956 ( 12 U.S.C. 1841 et seq. ) is amended by adding at the end the following: SECTION 15. Alignment of financial sector emissions with science-based targets (a) Definitions In this section: (1) Carbon offsets The term carbon offsets means an emissions reduction or removal of greenhouse gases in a manner calculated and traced for the purpose of offsetting an entity's greenhouse gas emissions. (2) Covered bank holding company The term covered bank holding company means a bank holding company with total consolidated assets not less than $50,000,000,000. (3) Deforestation risk commodities The term deforestation risk commodities means globally traded goods and raw materials-- (A) that originate from natural forest ecosystems-- (i) directly from within forest areas; or (ii) from areas previously under forest cover; and (B) the extraction or production of which contributes significantly to the conversion of natural forest to agriculture, tree plantation, or other nonforest land use. (4) Financial …
Sponsors
- Ayanna Pressley (D, HD-007) · primary sponsor
- Rashida Tlaib (D, HD-MI-12)
Latest actions
- : Referred to the House Committee on Financial Services.
- : Introduced in House
Subjects: Finance and Financial Sector
Common questions
- What is HB10746?
- HB10746 is a bill in Congress (119th Congress): Fossil Free Finance Act of 2026.
- What does HB10746 do?
- In its own words: To amend the Bank Holding Company Act of 1956 and the Financial Stability Act of 2010 to require a reduction of financial sector emissions to protect financial stability, and for other purposes.
- What is the status of HB10746?
- In committee as of October 5, 2026. Latest action: Referred to the House Committee on Financial Services. (October 5, 2026).
- Who sponsored HB10746?
- Ayanna Pressley (D, HD-007), with 1 co-sponsor.
- Where is the official record for HB10746?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10746
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.