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That is just one of the many systemic risks that #ClimateChange imposes on our economy, but which are not previously factored into our economic forecasts.
That is why I have introduced H.R. 5194, Climate Change Financial Risk Act, which would require bank regulators to treat #ClimateChange as a systemic risk. I look forward to engaging w/ Chair Powell in @FSCDems tomorrow on how we can work to protect our economy from these risks.
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