H.R. 940 · 119th Congress
FAIR Exams Act
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HillSponsor10 cosponsors · 2 D, 8 R
R
Huizenga
DM
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Meuser
TM
R
Moore
WT
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Timmons
AW
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Wagner
RW
R
Williams
MH
R
Haridopolos
PS
R
Sessions
CF
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Fields
DS
D
Scott6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Fair Audits and Inspections for Regulators’ Exams Act or the FAIR Exams Act
What it does: CRS summary · Introduced in House · Feb 4, 2025
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: FAIR Exams Act
Also known as: Fair Audits and Inspections for Regulators’ Exams Act
Latest action (Jul 25, 2025): Placed on the Union Calendar, Calendar No. 176.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Feb 4, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.