1. Short title This Act may be cited as the Climate Risk Disclosure Act of 2018 . 2. Definitions In this Act— (1) the term appropriate climate principals means— (A) the Administrator of the Environmental Protection Agency; (B) the Secretary of Energy; (C) the Administrator of the National Oceanic and Atmospheric Administration; (D) the Director of the Office of Management and Budget; and (E) the head of any other Federal agency determined appropriate by the Commission; (2) the term appropriate congressional committees means— (A) the Committee on Banking, Housing, and Urban Affairs of the Senate; and (B) the Committee on Financial Services of the House of Representatives; (3) the term climate change means a change of climate that is— (A) attributed directly or indirectly to human activity that alters the composition of the global atmosphere; and (B) in addition to natural climate variability observed over comparable time periods; (4) the term Commission means the Securities and Exchange Commission; and (5) the term covered issuer has the meaning given the term in subsection (s)(1) of section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ), as added by section 4(a). 3. Sense of Congress It is the sense of Congress that— (1) continued inaction in addressing climate change poses a significant threat to the growth and stability of the economy of the United States; (2) many sectors of the economy of the United States are exposed to multiple channels of climate-related risk, which may include exposure to— (A) the physical impacts of climate change, including the rise of the average global temperature, sea-level rise, desertification, ocean acidification, flooding, drought, and wildfires; (B) the economic disruptions and security threats that result from the physical impacts described in subparagraph (A)