NPR and PBS Act

House Bill

H.R. 2443

119th Congress

NPR and PBS Act

In Committee

Introduced:Jun 9, 2025

Primary Sponsor

Ronny Jackson

Representative

Republican

TX-13

Cosponsors

21

Quick Stats

Policy Area

Finance and Financial Sector

Summary

The Fossil Free Financing Act of 2023 aims to reduce the financing of activities that contribute to greenhouse gas emissions and deforestation. It requires large bank holding companies to create plans to phase out the financing of fossil fuel projects, with a ban on new or expanded projects immediately, thermal coal by 2025, and all fossil fuel projects by 2030.

Latest Action

Referred to the House Committee on Financial Services.

SponsorRonny Jackson (R-TX)

Introduced6/9/2025

StatusReferred to the House Committee on Energy and Commerce.

ChamberHouse

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Vote Prediction

NPR and PBS Act

The Fossil Free Financing Act of 2023 aims to reduce the financing of activities that contribute to greenhouse gas emissions and deforestation. It requires large bank holding companies to create plans to phase out the financing of fossil fuel projects, with a

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The Fossil Free Financing Act of 2023 aims to reduce the financing of activities that contribute to greenhouse gas emissions and deforestation. It requires large bank holding companies to create plans to phase out the financing of fossil fuel projects, with a ban on new or expanded projects immediately, thermal coal by 2025, and all fossil fuel projects by 2030.

Bill Number: 2443
Sponsor: Ronny Jackson (R-TX)
Introduced: 6/9/2025
Status: Referred to the House Committee on Energy and Commerce.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: NPR and PBS Act
Bill Number: 2443
Sponsor: Ronny Jackson (R-TX)
Status: Referred to the House Committee on Energy and Commerce.
Introduced: 6/9/2025
Summary: The Fossil Free Financing Act of 2023 aims to reduce the financing of activities that contribute to greenhouse gas emissions and deforestation. It requires large bank holding companies to create plans to phase out the financing of fossil fuel projects, with a ban on new or expanded projects immediat

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The Fossil Free Financing Act of 2023 aims to reduce the financing of activities that contribute to greenhouse gas emissions and deforestation. It requires large bank holding companies to create plans to phase out the financing of fossil fuel projects, with a ban on new or expanded projects immediately, thermal coal by 2025, and all fossil fuel projects by 2030.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Fossil Free Financing Act of 2023 This bill requires large bank holding companies to set forth plans to reduce and ultimately eliminate the financing of activities that contribute to greenhouse gas emissions and deforestation. Specifically, the bill prohibits the financing of (1) new or expanded fossil fuel projects immediately, (2) thermal coal by 2025, and (3) all fossil fuel projects by 2030. Further, the Financial Stability Oversight Council must consider the activities of certain bank holding companies and nonbank financial companies that contribute to emissions as part of the prudential supervision process. The Board of Governors of the Federal Reserve System must report on financed emissions in the financial system, the estimated emissions to meet science-based emissions targets, and recommendations for addressing regulatory gaps in reducing such emissions that cannot be addressed by the board.

Key Points

Main provisions of the bill

Prohibits the financing of new or expanded fossil fuel projects immediately, thermal coal by 2025, and all fossil fuel projects by 2030
Requires the Financial Stability Oversight Council to consider the emissions-contributing activities of certain financial companies as part of prudential supervision
Directs the Federal Reserve to report on financed emissions in the financial system and provide recommendations for reducing such emissions

How This Impacts Americans

Potential effects on citizens and communities

If enacted, this bill would significantly impact fossil fuel companies and the banks that finance them, as they would need to rapidly transition away from fossil fuel projects. This could lead to job losses in the fossil fuel industry but also create new opportunities in renewable energy. Consumers may also see changes in the availability and pricing of fossil fuel-based products and services.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2443, 119th Congress (2025). "NPR and PBS Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-2443

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