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Bill · 119th Congress · HR 2702
FIRM Act
Refreshed 28 min ago
Introduced 2025-04-08Topic: economy jobsSummary
Summary by the Congressional Research ServiceFinancial Integrity and Regulation Management Act or the FIRM Act This bill prohibits the consideration of reputational risk by federal banking agencies when regulating, examining, or supervising a depository institution or credit union. The bill defines reputational risk as the potential for negative publicity or public attention to decrease confidence in the institution, lead to litigation, reduce revenues, or result in other adverse impacts to the institution. Agencies must report on the implementation of this bill.
Sponsors
- Andy Barr Republican sponsor
- 18 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-06-20 | House | Placed on the Union Calendar, Calendar No. 131. | |
| 2025-06-20 | House | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-164. | report |
| 2025-06-20 | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-164. | report | |
| 2025-05-21 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 19. | refer |
| 2025-05-21 | House | Committee Consideration and Mark-up Session Held | refer |
| 2025-04-08 | House | Referred to the House Committee on Financial Services. | refer |
| 2025-04-08 | Introduced in House | introduce | |
| 2025-04-08 | Introduced in House | introduce |