H.R. 2702 · 119th Congress
FIRM Act
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R
BarrSponsor19 cosponsors · 1 D, 18 R
R
Downing
SF
R
Fitzgerald
GG
R
Grothman
FL
R
Lucas
DL
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LaMalfa
BL
R
Loudermilk
LM
R
McClain
MM
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Messmer
TM
R
Moore
AO
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Ogles
JR
R
Rose
PS
R
Sessions
MS
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Stutzman
WT
R
Timmons
RT
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Torres
AW
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Wagner
DS
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Schmidt
RW
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Williams
AG
R
Garbarino16 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Financial Integrity and Regulation Management Act or the FIRM Act
What it does: CRS summary · Introduced in House · Apr 8, 2025
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: FIRM Act
Also known as: Financial Integrity and Regulation Management Act
Latest action (Jun 20, 2025): Placed on the Union Calendar, Calendar No. 131.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Apr 8, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.