1. Short title This Act may be cited as the Climate Risk Disclosure Act of 2019 . 2. Definitions In this Act— (1) the terms appropriate climate principals , climate change , covered issuer , physical risks , and transition risks have the meanings given those terms in subsection (s) of section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ), as added by section 5; (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 baseline scenario means a widely recognized analysis scenario in which levels of greenhouse gas emissions, as of the date on which the analysis is performed, continue to grow, resulting in— (A) an increase in the global average temperature of 1.5 degrees Celsius or more above pre-industrial levels; and (B) the realization of physical risks relating to global climate change; (4) the term carbon dioxide equivalent means the number of metric tons of carbon dioxide emissions with the same global warming potential as 1 metric ton of another greenhouse gas, as determined under table A–1 of subpart A of part 98 of title 40, Code of Federal Regulations, as in effect on the date of enactment of this Act; (5) the term commercial development of fossil fuels includes— (A) exploration, extraction, processing, exporting, transporting, and any other significant action with respect to oil, natural gas, coal, or any byproduct thereof; and (B) acquiring a license for any activity described in subparagraph (A); (6) the term Commission means the Securities and Exchange Commission; (7) the term direct and indirect greenhouse gas emissions includes, with respect to a covered issuer— (A) all direct greenhouse gas emissions released by the covered issuer; (B) all indirect greenhouse gas emissions with respect to electricity, heat, or steam purchased by the covered issuer