“Enact the Climate Change Financial Risk Act to direct the Federal Reserve to conduct stress tests measuring large financial institutions' resilience to climate-related financial risks.”
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Verified all three cited sources. (1) The 2021 reintroduction press release (schatz.senate.gov) is reachable and the cited quote appears verbatim: "direct the Federal Reserve ('Fed') to conduct stress tests on large financial institutions to measure their resilience to climate-related financial risks"; it confirms Schatz reintroduced the Climate Change Financial Risk Act on 5/27/2021, not enacted. (2) The 2019 introduction press release (schatz.senate.gov) is reachable and contains the cited quote verbatim: "We should not be treating some risks different from others: risks are risks."; it confirms Schatz introduced the bill 11/20/2019 to direct the Fed to conduct climate stress tests. (3) The congress.gov S.1471 /text URL returned HTTP 403 to WebFetch (site bot-blocks the fetcher), but I independently confirmed via a congress.gov search that S.1471, 119th Congress, is officially titled "Climate Change Financial Risk Act of 2025," is sponsored by Schatz, was referred to the Banking Committee, and directs the Federal Reserve to conduct biennial climate financial-risk analyses — so the cited title quote is genuine and the bill is real and not enacted. The CHAMPIONED rating does not overstate: it explicitly acknowledges the bill was never enacted (correctly ruling out FULL) while the primary sources document Schatz as lead sponsor authoring and re-driving the legislation across three Congresses (2019, 2021, 2025), which is leadership beyond passive voting. CHAMPIONED vs ATTEMPTED remains a defensible judgment call, but the evidence squarely supports it. Upholding.
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