A resolution recognizing that climate change portends a cascade of financial market collapses that would destabilize the national and global economies.

SRES 557 is a symbolic Senate resolution recognizing climate change as a threat to financial stability. It cites specific data, including $165 billion in U.S. weather-related losses in 2022, projected $25 trillion declines in global property values, and potential $178 trillion global economic costs by 2070 if climate risks are unaddressed. The resolution states that unchecked climate change poses severe risks to national and global economies, including destabilizing insurance markets and mortgage systems. As a non-binding resolution, it does not create new laws or directly affect any group but formally acknowledges these financial risks for the Senate's record.