HR2702Referred to Committee

FIRM Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-04-08
Introduced
19
Cosponsors
HR
ⓘ
Type

Sponsor

Andy Barr
Andy Barr
Republican · KY · Representative
Votes with party: 99.0% (514 recorded votes)

Full profile: /officials/B001282

Source: Congress.gov · FEC

Cosponsors (19)

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. 131.

2025-06-20

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English 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.

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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Related legislation

Bills by the same sponsor or covering overlapping subjects.