H.R. 2702 House Finance and Financial Sector
FIRM Act
STAGE 3 OF 8 — CALENDARS AND SCHEDULING
Currently in the House. Last action: placed on the union calendar, calendar no. 131 on Jun 20, 2025.
- House Introduced in House Apr 8, 2025
- House Referred to the House Committee on Financial Services. Apr 8, 2025
- House Committee Consideration and Mark-up Session Held May 21, 2025
- House Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 19. May 21, 2025
- House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-164. Jun 20, 2025
- House Placed on the Union Calendar, Calendar No. 131. Jun 20, 2025
Cosponsors
19
Subjects
Banking and financial institutions regulationCongressional oversightFinancial services and investmentsGovernment information and archivesGovernment studies and investigations
Committees
- Financial Services Committee
- Reported By , Jun 20, 2025
- Markup By , May 21, 2025
- Referred To , Apr 8, 2025
Summary
Financial Integrity and Regulation Management Act or the FIRM ActThis 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.
Summary as of: Introduced in House
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