HR 2702 ยท FIRM Act
Placed on the Union Calendar, Calendar No. 131.
- Introduced
- Apr 8, 2025
- Latest action
- Jun 20, 2025
- Sponsor
- Rep. Andy Barr [R-KY-6]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 19
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.
Recent actions
- 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.
- 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
- Apr 8, 2025 Introduced in House
Votes
No recorded votes are available for this bill.