HR 2702 119th Congress
FIRM Act
Latest Action
Placed on the Union Calendar, Calendar No. 131.
Sponsors
![Rep. Barr, Andy [R-KY-6]](https://bioguide.congress.gov/bioguide/photo/B/B001282.jpg)
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.
Actions
2025-06-20T00:00:00
Placed on the Union Calendar, Calendar No. 131.
2025-06-20T00:00:00
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-164.
2025-06-20T00:00:00
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-164.
2025-05-21T00:00:00
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 19.
2025-05-21T00:00:00
Committee Consideration and Mark-up Session Held
2025-04-08T00:00:00
Referred to the House Committee on Financial Services.
2025-04-08T00:00:00
Introduced in House
2025-04-08T00:00:00
Introduced in House
Policy Areas
Finance and Financial Sector
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