HR 2702 119th Congress House Finance and Financial Sector Banking and financial institutions regulation Congressional oversight Financial services and investments Government information and archives Government studies and investigations

FIRM Act

Introduced: April 8, 2025 Introduced by: Barr, Andy Republican · Kentucky See on congress.gov

Everywhere this bill has been 6 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 20, 2025

Placed on the Union Calendar, Calendar No. 131.

Jun 20, 2025

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-164.

May 21, 2025

Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 19.

May 21, 2025

Committee Consideration and Mark-up Session Held

Apr 8, 2025

Referred to the House Committee on Financial Services.

Apr 8, 2025

Introduced in House

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Plain-English summary Congressional Research Service

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.

What's happening now June 20, 2025

Placed on the Union Calendar, Calendar No. 131.

Hearings & markups 2

Various Measures
Markup May 20, 2025 · 10:00 AM EDT · Financial Services Committee
Regulatory Overreach: The Price Tag on American Prosperity
Hearing Apr 29, 2025 · 10:00 AM EDT · Financial Institutions and Monetary Policy Subcommittee

Related & companion bills 2

Bill text 2 versions

Introduced in House Formatted Text PDF Formatted XML
Reported in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Financial Services Committee
House of Representatives

Lobbying activity 35

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

CREDIT UNION NATIONAL ASSOCIATION. INC. DBA AMERICA'S CREDIT UNIONS
for CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA'S CREDIT UNIONS · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
CAPCITY ADVOCATES, LLC
for NATIONAL PAWNBROKERS ASSOCIATION · Texas · 2nd Quarter (Apr 1 - June 30) 2026
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
CITIGROUP WASHINGTON, INC.
for CITIGROUP WASHINGTON, INC. · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
CAPCITY ADVOCATES, LLC
for NATIONAL PAWNBROKERS ASSOCIATION · Texas · 1st Quarter (Jan 1 - Mar 31) 2026
AMERICAN BANKERS ASSOCIATION
for AMERICAN BANKERS ASSOCIATION · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026