H.R. 5253 · 117th Congress · 2021–2022
Fossil Free Finance Act
H.R. 5253 in the 117th Congress (2021–2022) was introduced on Sep 14, 2021, sponsored by Mondaire Jones with 20 co-sponsors.
During the 117th Congress (2021–2022), Joe Biden was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Sep 14, 2021
- Co-sponsors
- 20
- Policy area
- Finance and Financial Sector
What it does
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.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Mondaire Jones (D-NY). Co-sponsors: 20 Democrats.
Where it stands
- IntroducedSep 14, 2021
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Financial Services. (Sep 14, 2021)
More bills from Mondaire Jones in the 117th Congress
Other Finance and Financial Sector bills in the 117th Congress
- S.J.Res. 15: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United…
- S. 409: A bill to provide for the availability of amounts for customer education initiatives and…
- S. 3823: Bankruptcy Threshold Adjustment and Technical Corrections Act
- H.R. 1057: Greatest Generation Commemorative Coin Act
- H.R. 1842: Harriet Tubman Bicentennial Commemorative Coin Act
- H.R. 503: Woman on the Twenty Act of 2021
- S. 697: Harriet Tubman Bicentennial Commemorative Coin Act
- S. 1596: Greatest Generation Memorial Act
- H.R. 1648: National Women’s Hall of Fame Commemorative Coin Act of 2021
- H.R. 1996: SAFE Banking Act of 2021
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 5253 (117th Congress): Fossil Free Finance Act,” https://www.capitolreceipts.com/bill/117-hr-5253/fossil-free-finance-act (accessed 2026-10-17).