WHAT: Coconino County Treasurer Sarah Benatar will testify before the House Subcommittee on Financial Institutions and Monetary Policy during a hearing entitled, “Climate-Risk: Are Financial Regulators Politically Independent?”
The hearing will examine recent actions by federal banking regulators to incorporate climate-related financial risks into financial institutions’ risk management frameworks and to monitor and guide those frameworks. The hearing will also examine recent actions by federal banking regulators to incorporate recommendations related to climate-related financial risks of Executive Orders, the Financial Stability Oversight Council, Executive-Branch-led working groups, and international non-governmental organizations. Many recent climate-related financial risk actions by regulators closely align with President Biden’s May 20, 2021, Executive Order on Climate-Related Financial Risk (EO 14030) and, relatedly, the Financial Stability Oversight Council’s determination of climate change as “an emerging and increasing threat to financial stability” on October 21, 2021.
WHO: Coconino County Treasurer Sarah Benatar, serving since 2014, is the youngest person to serve as a County Treasurer in Arizona’s history. She currently serves as the president of both the Arizona Association of Counties and the National Association of Hispanic County Officials. Alongside her colleagues, she has conducted numerous efforts to combat legislation attempting to restrict local fiduciary responsibilities in the name of anti-climate and free market rhetoric. With her experience in facilitating influential conversations on the topic, she hopes to educate the House Financial Services Committee on how anti-environmental, social, and governance policies will negatively affect, not only her prudent responsibilities as an elected official, but also the constituencies she is dedicated to servicing.
WHERE: The Hearing will take place at the Rayburn House Office Building in Washington D.C. and will be streamed live via YouTube at this link: www.youtube.com/watch?v=YTUgBFEoeg0
WHEN: Tuesday, July 18, 2023 at 10 a.m. EDT (7 a.m. Arizona Time)
Please direct any questions to:
Stephen Pelligrini
Senior Communications Manager
County Manager’s Office