1. Short title This Act may be cited as the Restructuring Environmentally Sound Pensions in Order to Negate Disaster Act of 2024 or the RESPOND Act of 2024 . 2. Climate change economic cost report Not later than 1 year after the date of enactment of this Act, and annually thereafter, the Board of Governors of the Federal Reserve System and the Securities and Exchange Commission shall jointly submit to Congress a report that projects and accounts for the economic costs directly and indirectly caused by the impacts of climate change, which shall include an analysis of— (1) the effects that climate change has on the labor market, economic growth, public health, and other broad areas of the economy of the United States; (2) property and land damage from rising sea levels and extreme weather