S. 875 · 119th Congress
FIRM Act
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ScottSponsor12 cosponsors · 12 R
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Banks
KB
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Britt
MC
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Crapo
KC
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Cramer
BH
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Hagerty
JK
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Kennedy
CL
R
Lummis
BM
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Moreno
DM
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McCormick
MR
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Rounds
PR
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Ricketts
TT
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Tillis12 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 Senate · Mar 6, 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 (Mar 18, 2025): Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Mar 6, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.