FIRM Act was reported by committee and awaits a floor vote
IntroducedMar 6, 2025
ReportedMar 13, 2025
Passed one chamber—
Passed both—
Law—
What it changes · CRS summary
Written by the Congressional Research Service [2]. 76 words.
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.
Context
- Committees
- Senate Banking, Housing, and Urban Affairs Committee
- Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 5 of 220 bills enacted since 2013
- Text versions
- 2, from introduced in senate to reported to senate · 2,354 words
- Subjects
- Banking and financial institutions regulationCongressional oversightFinancial services and investmentsGovernment information and archivesGovernment studies and investigations
- Latest action
- Mar 18, 2025: Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 2
Each bill appears once, under its strongest link. 2 in all.
Identical or companion · 1
- 119th H.R. 2702 FIRM Act R · Reported
Related, per CRS or House · 1
- 119th H.R. 6955 Main Street Capital Access Act R · Passed one chamber
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]