HR940Referred to Committee

FAIR Exams Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-02-04
Introduced
10
Cosponsors
HR
ⓘ
Type

Sponsor

J. French Hill
J. French Hill
Republican · AR · Representative
Votes with party: 97.4% (546 recorded votes)

Full profile: /officials/H001072

Source: Congress.gov · FEC

Cosponsors (10)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Placed on the Union Calendar, Calendar No. 176.

2025-07-25

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English 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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Finance and Financial Sector
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Bills by the same sponsor or covering overlapping subjects.