; and (10) the Board of Governors— (A) has the authority to take into account the potentially systemic impact of climate-related risks on the financial system; and (B) should develop new analytical tools with longer time horizons to accurately assess and manage the risks described in subparagraph (A). 3. Definitions In this Act: (1) Bank holding company The term bank holding company has the meaning given the term in section 102(a) of the Financial Stability Act of 2010 ( 12 U.S.C. 5311(a) ). (2) Board of governors The term Board of Governors means the Board of Governors of the Federal Reserve System. (3) Climate science leads The term climate science leads means— (A) the Administrator of the National Oceanic and Atmospheric Administration; (B) the Administrator of the Environmental Protection Agency; (C) the Secretary of Energy; (D) the Administrator of the National Aeronautics and Space Administration; (E) the Director of the United States Geological Survey; (F) the Secretary of the Interior; and (G) the head of any other Federal agency that the Board of Governors determines to be appropriate. (4) Covered entity The term covered entity means— (A) a nonbank financial company or bank holding company that has not less than $250,000,000,000 in total consolidated assets; and (B) a nonbank financial company or bank holding company— (i) that has not less than $100,000,000,000 in total consolidated assets; and (ii) with respect to which the Board of Governors determines the application of subparagraph (C) of section 165(i)(1) of the Financial Stability Act of 2010 ( 12 U.S.C. 5365(i)(1) ), as added by section 6 of this Act, is appropriate— (I) to— (aa) prevent or mitigate risks to the financial stability of the United States; or (bb) promote the safety and soundness of the company; and (II) after taking into consideration— (aa) the capital structure, riskiness, complexity, financial activities, and size of the company, including the financial activities of any subsidiary of the company