,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #dhce  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #ba            
7legislative day1 ,octob] #ai71         
#bjbj,mr4 ,m]kley introduc$ ! foll[+    
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,a ,,bill  ,to prohibit bank  
hold+ companies f facilitat+ fossil fuel
 production f new s\rces or new or exp&$
 fossil infra/ructure t w\ld drive su*  
production1 & = o!r purposes4  #a4 ,%ort
 title ,?is ,act may be cit$ z !        
,protect+ ,am]ica's ,economy f ! ,c>bon 
,bubble ,act ( #bjbj4  #b4 ,prohibition 
on facilitat+ fossil fuel production f  
new s\rces ,! ,bank ,hold+ ,company ,act
 ( #aief 7#ab ,u4,s4,c4 #ahda et seq47  
is am5d$ by add+ at ! end ! foll[+3     
#ae4 ,prohibition on facilitat+ fossil  
fuel production f new s\rces  7a7       
,def9itions ,9 ?is section-- 7#a7 ! t]m 
f9ancial company means-- 7,a7 a bank    
hold+ company1 sav+s & loan hold+       
company1 or simil> in/itution2  7,b7 a  

=eign bank+ organization or company t is
 treat$ z a bank hold+ company "u ?is   
,act2  7,c7 an insur$ depository        
in/itution1 a ?rift in/itution1 a sav+s 
association1 an indu/rial loan company1 
or simil> in/itution2 or  7,d7 any      
subsidi>y1 ag5cy1 or affiliate ( an     
entity describ$ 9 subp>agraph 7,a7 or   
7,b72  7#b7 ! t]m fossil fuel means     
coal1 petroleum1 natural gas1 or any    
d]ivative ( coal1 petroleum1 or natural 
gas t is us$ = fuel2  7#c7 ! t]m fossil 
infra/ructure means fossil fuel-relat$  
projects1 includ+ wells1 rail           
infra/ructure1 pipel9es1 t]m9als1       
ref9]ies1 & p[] plants2  7#d7 ! t]m new 
s\rces means-- 7,a7 any production 9    
excess ( prov5 develop$ produc+ res]ves 
( fossil fuels z ( ! date ( enactm5t (  
?is section2 or  7,b7 new or exp&$      
fossil infra/ructure t w\ld facilitate !
 production describ$ 9 subp>agraph 7,a72
 &  7#e7 ! t]m production means         
extractive or production activities t   
result 9 fossil fuels be+ made available

 = ref9+ or use4  7b7 ,prohibition ,no  
f9ancial company may facilitate fossil  
fuel production1 includ+ by-- 7#a7      
provid+ loans to1 mak+ inve/m5ts 91 or  
o!rwise engag+ 9 any activity t is      
f9ancial 9 nature1 or incid5tal to su*  
f9ancial activity1 ) a fossil fuel      
company2  7#b7 provid+ loans to1 mak+   
inve/m5ts 91 or o!rwise engag+ 9 any    
activity t is f9ancial 9 nature1 or     
incid5tal to su* f9ancial activity1 = a 
fossil fuel project2  7#c7 tak+         
comp5sation to arrange or facilitate a  
transaction t provides funds = fossil   
fuel production f new s\rces2  7#d7     
securitiz+ assets t provide funds =     
fossil fuel production f new s\rces2    
7#e7 ent]+ into a d]ivatives transaction
 design$ to provide fund+ =1 facilitate1
 or h$ge risks f fossil fuel production 
f new s\rces2  7#f7 engag+ 9 any        
activity t is complem5t>y to a f9ancial 
activity involv+ fossil fuel production 
f new s\rces1 includ+ f9anc+ !          
int]national trade !re(2 or  7#g7 any   

o!r =m ( activity def9$ by regulators or
 sup]visors ( ! f9ancial company4  7c7  
,p5alties  7#a7 ,crim9al p5alty  7,a7 ,9
 g5]al ,:oev] kn[+ly violates any       
provision ( ?is section or1 be+ a       
company1 violates any regulation or ord]
 issu$ by ! ,bo>d "u ?is section1 %all  
be imprison$ n m ?an #a ye>1 f9$ n m ?an
 #a1jjj1jjj p] day = ea* day dur+ :i* ! 
violation cont9ues1 or bo?4  7,b7 ,int5t
 to deceive1 defraud1 or pr(it ,:oev]1 )
 ! int5t to deceive1 defraud1 or pr(it  
significantly1 kn[+ly violates any      
provision ( ?is section %all be         
imprison$ n m ?an #e ye>s1 f9$ n m ?an  
#e1jjj1jjj p] day = ea* day dur+ :i* !  
violation cont9ues1 or bo?4  7#b7       
,prohibition on employm5t ,any          
individual :o kn[+ly violates any       
provision ( ?is section %all be bann$ f 
future employm5t ) any bank hold+       
company or publicly trad$ corporation4  
7#c7 ,civil monet>y p5alty ,any company 
t violates1 & any individual :o         
p>ticipates 9 a violation (1 any        

provision ( ?is section1 or any         
regulation or ord] issu$ pursuant !reto1
 %all =feit all rev5ues associat$ ) su* 
a violation & pay an additional civil   
p5alty ( n m ?an #be1jjj = ea* day dur+ 
:i* ! violation cont9ues4  7d7          
,compliance program  7#a7 ,9 g5]al      
,bank+ organizations %all ma9ta9        
policies & proc$ures reasonably design$ 
to ensure t relation%ips ) cu/om]s or   
c\nt]p>ties d n facilitate fossil fuel  
production f new s\rces4  7#b7          
,atte/ation ,! *ief executive (fic] (   
ea* f9ancial company %all comply ) an   
atte/ation = compliance ) ?is section1  
subject to su* rules z ! ,bo>d may      
prescribe t %all be no less /rict ?an ^?
 set =? "u section #cea4bj7;c7 ( title  
#ab1 ,code ( ,f$]al ,regulations1 or any
 successor regulation4  7#c7 ,sup]vision
 ,! appropriate ,f$]al bank+ ag5cy %all 
sup]vise ! policies & proc$ures describ$
 9 ?is subsection & ! implem5tation ( ^?
 policies & proc$ures4  4