1. Short title This Act may be cited as the Climate Change Financial Risk Act of 2019 . 2. Sense of congress It is the sense of Congress that— (1) if current trends continue, average global temperatures are likely to reach 1.5 degrees Celsius above pre-industrial levels between 2030 and 2050; (2) global temperature rise has already resulted in an increased number of heavy rainstorms, coastal flooding events, heat waves, wildfires, and other extreme events; (3) since 1980— (A) the number of extreme weather events per year that cost the people of the United States more than $1,000,000,000 per event, accounting for inflation, has increased significantly; and (B) the total cost of extreme weather events in the United States has exceeded $1,100,000,000,000; (4) as physical impacts from climate change are manifested across multiple sectors of the economy of the United States— (A) climate-related economic risks will continue to increase; (B) climate-related extreme weather events will disrupt energy and transportation systems in the United States, which will result in more frequent and longer-lasting power outages, fuel shortages, and service disruptions in critical sectors across the economy of the United States; (C) projected increases in extreme heat conditions will lead to decreases in labor productivity in agriculture, construction, and other critical economic sectors; (D) food and livestock production will be impacted in regions that experience increases in heat and drought and small rural communities will struggle to find the resources needed to adapt to those changes; and (E) sea level rise and more frequent and intense extreme weather events will— (i) increasingly disrupt and damage private property and critical infrastructure; and (ii) drastically increase insured and uninsured losses; (5) advances in energy efficiency and renewable energy technologies, as well as climate policies and shifting societal preferences, will— (A) reduce global demand for fossil fuels