,,iii #aai? ,,congress #a/ ,session ,s4 ,,res4 #eeg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,decemb] #ag1 #bjbe,mr4 ,:iteh\se 7= himself1 ,mr4 ,m]kley1 ,mr4 ,s*atz1 ,mr4 ,m>key1 ,mr4 ,van ,holl51 ,ms4 ,duckwor?1 ,mr4 ,padilla1 ,mr4 ,wel*1 & ,ms4 ,blunt ,ro*e/]7 submitt$ ! foll[+ resolution2 :i* 0 ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,,resolution ,recogniz+ t climate *ange port5ds a cascade ( f9ancial m>ket collapses t w\ld de/abilize ! national & global economies4 ,:]eas climate *ange drives & exac]bates extreme wea!r & disa/] ev5ts2 ,:]eas ,unit$ ,/ates losses f extreme wea!r ev5ts total$ #afe1jjj1jjj1jjj 9 #bjbb alone2 ,:]eas m frequ5t extreme wea!r ev5ts & wildfires are mak+ insurance increas+ly unaf=dable & unavailable2 ,:]eas unavailable or unaf=dable insurance w de/abilize mortgage & prop]ty m>kets1 pot5tially result+ 9 a #be1jjj1jjj1jjj1jjj decl9e 9 global resid5tial prop]ty values2 ,:]eas model]s project t un*eck$ climate *ange c\ld co/ ! global economy #agh1jjj1jjj1jjj1jjj 9 net pres5t value f #bjba to #bjgj2 ,:]eas global f9ancial exp]ts w>n t if climate *ange is n address$1 worldwide p] capita gross dome/ic product c\ld decl9e by #aj to #bj p]c5t )9 #c decades2 ,:]eas national banks & ! int]national ,f9ancial ,/ability ,bo>d pr$ict t climate *ange is caus+ & w cont9ue to cause /ructural risk to ! global f9ancial sy/em2 & ,:]eas f9ancial exp]ts & banks agree t adju/+ to ! climate reality by organiz+ an e>ly & ord]ly transition to a l[ c>bon economy w avoid co/ly %ocks to ! sy/em caus$ by a sudd5 & disord]ly transition3 ,n[1 !re=e1 be x ,t ! ,s5ate recognizes t un*eck$ climate *ange poses sev]e risks to national & global economies4