H.R. 2702 119th Congress House

FIRM Act

Official title: To curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions.

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

Finance and Financial Sector Banking and financial institutions regulationCongressional oversightFinancial services and investmentsGovernment information and archivesGovernment studies and investigations

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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What's happening now June 20, 2025

Placed on the Union Calendar, Calendar No. 131.

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.

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 44

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

CITIGROUP WASHINGTON, INC.
for CITIGROUP WASHINGTON, INC. · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
CITIGROUP WASHINGTON, INC.
for CITIGROUP WASHINGTON, INC. · District of Columbia · 4th Quarter 2025 (Oct 1 - Dec 31)
AMERICAN BANKERS ASSOCIATION
for AMERICAN BANKERS ASSOCIATION · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
AMERICAN FINTECH COUNCIL
for AMERICAN FINTECH COUNCIL · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
CAPCITY ADVOCATES, LLC
for NATIONAL PAWNBROKERS ASSOCIATION · Texas · 3rd Quarter 2026 (July 1 - Sep 30)
AMERICAS CREDIT UNIONS, FKA CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICAS CREDIT UNIONS
for AMERICAS CREDIT UNIONS, FKA CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
44 filings
SENATE
44 filings
Treasury, Dept of
32 filings
Federal Reserve System
23 filings
White House Office
23 filings
Natl Economic Council (NEC)
21 filings
Consumer Financial Protection Bureau (CFPB)
15 filings
Commerce, Dept of (DOC)
13 filings

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 44 filings →

Cosponsors 19