FIRM Act
- Stage
- On calendar
- Started in
- House
- Sponsors
- 20
- Latest action
- Jun 20, 2025
What it does
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.
Official summary · Introduced in House · Apr 8, 2025
Titles and provisions can change as the bill moves.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
Sponsors
Connections
Its sponsors, who gave them money, and who lobbied on it. A gift is not a position on the bill.
The record
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