HR 940 119th Congress House Finance and Financial Sector Administrative remedies Advisory bodies Banking and financial institutions regulation Consumer Financial Protection Bureau Government information and archives Judicial review and appeals

FAIR Exams Act

Introduced: February 4, 2025 Introduced by: Hill, J. French Republican · Arkansas See on congress.gov

Everywhere this bill has been 6 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 25, 2025

Placed on the Union Calendar, Calendar No. 176.

Jul 25, 2025

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-216.

May 21, 2025

Committee Consideration and Mark-up Session Held

May 21, 2025

Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.

Feb 4, 2025

Introduced in House

Feb 4, 2025

Referred to the House Committee on Financial Services.

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Plain-English summary Congressional Research Service

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.

What's happening now July 25, 2025

Placed on the Union Calendar, Calendar No. 176.

Hearings & markups 1

Various Measures
Markup May 20, 2025 · 10:00 AM EDT · Financial Services Committee

Related & companion bills 1

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 37

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
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INDEPENDENT COMMUNITY BANKERS OF AMERICA
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CHAMBER OF COMMERCE OF THE U.S.A.
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1607 STRATEGIES, LLC
for AMERICAN FINTECH COUNCIL · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
AMERICAN BANKERS ASSOCIATION
for AMERICAN BANKERS ASSOCIATION · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 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