HR 2702
119th Congress
House
Finance and Financial Sector
FIRM Act
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 20, 2025
Placed on the Union Calendar, Calendar No. 131.
Jun 20, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-164.
May 21, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 19.
May 21, 2025
Committee Consideration and Mark-up Session Held
Apr 8, 2025
Referred to the House Committee on Financial Services.
Apr 8, 2025
Introduced in House
Plain-English summary
Financial 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.
What's happening now
Placed on the Union Calendar, Calendar No. 131.
Cosponsors
1 matching