,,ii  #aah? ,,congress  #b;d ,session   
,s4 #eeib  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #ah           
7legislative day1 ,decemb] #af71        
#bjbd,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 am5d ! ,bank   
,hold+ ,company ,act ( #aief to prohibit
 bank hold+ companies f facilitat+      
fossil fuel production f new s\rces1 or 
f facilitat+ transactions t w\ld provide
 funds = ! con/ruction ( 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 ( #bjbc4  #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]ms

 ex*ange1 issu]1 & security h ! mean+s  
giv5 ^? t]ms 9 section #c7;a7 ( !       
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;c7a772  7#b7 ! 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,a71     
7,b71 or 7,c72  7#c7 ! t]m fossil fuel  
means coal1 petroleum1 natural gas1 or  
any d]ivative ( coal1 petroleum1 or     
natural gas1 t is us$ = fuel1 includ+   
hydrog5 comb9$ ) any su* d]ivative2     
7#d7 ! t]m fossil infra/ructure means   
fossil fuel-relat$ projects1 includ+    
wells1 rail infra/ructure1 pipel9es1    
t]m9als1 ref9]ies1 & p[] plants2  7#e7 !
 t]m national securities ex*ange means  

an ex*ange regi/]$ z a national         
securities ex*ange 9 accordance )       
section #f ( ! ,securities ,ex*ange ,act
 ( #aicd 7#ae ,u4,s4,c4 #gh;f72  7#f7 ! 
t]m new s\rces means-- 7,a7 any         
production 9 excess ( prov5 develop$    
produc+ res]ves ( fossil fuels1 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#g7 ! t]m production
 means extractive or production         
activities t result 9 fossil fuels be+  
made available = ref9+ or use2 &  7#h7 !
 t]m publicly trad$ entity means an     
issu]1 ! securities ( :i* are li/$ on a 
national securities ex*ange4  7b7       
,prohibition ,no f9ancial company may   
facilitate production1 includ+ by-- 7#a7
 mak+ 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 mak+ 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 arrange1 or facilitate a 
transaction t provides funds =1         
production ) respect to new s\rces2     
7#d7 securitiz+ assets t provide funds =
 production ) respect to new s\rces2    
7#e7 ent]+ into a d]ivatives transaction
 design$ to provide fund+ =1 facilitate1
 or h$ge risks f production ) respect to
 new s\rces2  7#f7 engag+ 9 any activity
 t is complem5t>y to a f9ancial activity
 involv+ production ) respect to new    
s\rces1 includ+ f9anc+ ! int]national   
trade ( production ) respect to new     
s\rces2 or  7#g7 engag+ 9 any o!r =m (  
activity def9$ by regulators or         
sup]visors ( ! f9ancial company4  7c7   
,compliance program  7#a7 ,9 g5]al ,ea* 
f9ancial company %all ma9ta9 policies & 
proc$ures reasonably design$ to ensure t
 relation%ips ) cu/om]s or c\nt]p>ties d
 n facilitate production ) respect to   
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$ures4  7d7 ,p5alties   
7#a7 ,crim9al p5alty  7,a7 ,9 g5]al     
,:oev] kn[+ly violates any provision (  
?is section or1 be+ a company1 violates 
any regulation or ord] issu$ 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 issu] or publicly trad$      
entity4  7#c7 ,civil monet>y p5alty ,any
 f9ancial company t violates1 & any     
individual :o p>ticipates 9 a violation 
(1 any provision ( ?is section1 or any  
regulation or ord] issu$ "u ?is section1
 %all =feit all rev5ues associat$ ) su* 
a violation & pay an additional civil   
p5alty ( n m ?an #be1jjj = ea* day dur+ 
:i* ! violation cont9ues4  4