HR 940 · FAIR Exams Act
Placed on the Union Calendar, Calendar No. 176.
- Introduced
- Feb 4, 2025
- Latest action
- Jul 25, 2025
- Sponsor
- Rep. J. French Hill [R-AR-2]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 10
Summary
Fair Audits and Inspections for Regulators’ Exams Act or the FAIR Exams Act This bill establishes new procedures related to the federal examination of financial intuitions. Specifically, the bill establishes the Office of Independent Examination Review within the Federal Financial Institutions Examination Council to adjudicate appeals and investigate complaints from financial institutions concerning examination reports. Under the bill, financial institutions have the right to obtain an independent review of a material supervisory determination contained in a final report of examination. The bill sets forth provisions regarding hearings and final decisions. The bill also sets deadlines for federal financial regulatory agencies to provide final examination reports and to perform exit interviews of a financial institution. In addition, the agency must list all materials relied upon in support of a material supervisory determination upon the request of the financial institution.
Recent actions
- Jul 25, 2025 Placed on the Union Calendar, Calendar No. 176.
- Jul 25, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-216.
- Jul 25, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-216.
- May 21, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
- May 21, 2025 Committee Consideration and Mark-up Session Held
- Feb 4, 2025 Referred to the House Committee on Financial Services.
- Feb 4, 2025 Introduced in House
- Feb 4, 2025 Introduced in House
Votes
No recorded votes are available for this bill.