H.R. 940 119th Congress House

FAIR Exams Act

Official title: To amend the Federal Financial Institutions Examination Council Act of 1978 to improve the examination of depository institutions, and for other purposes.

Introduced: May 19, 2025 Introduced by: J. French Hill Republican · Arkansas See on congress.gov

Finance and Financial Sector Administrative remediesAdvisory bodiesBanking and financial institutions regulationConsumer Financial Protection Bureau

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Government information and archivesJudicial review and appeals

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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What's happening now July 25, 2025

Placed on the Union Calendar, Calendar No. 176.

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.

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 47

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

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)
1607 STRATEGIES, LLC
for AMERICAN FINTECH COUNCIL · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
CONSUMER BANKERS ASSOCIATION
for CONSUMER BANKERS ASSOCIATION · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
INDEPENDENT COMMUNITY BANKERS OF AMERICA
for INDEPENDENT COMMUNITY BANKERS OF AMERICA · District of Columbia · 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
47 filings
SENATE
47 filings
Federal Reserve System
35 filings
Treasury, Dept of
35 filings
Consumer Financial Protection Bureau (CFPB)
31 filings
Federal Deposit Insurance Corporation (FDIC)
21 filings
Office of Management & Budget (OMB)
20 filings
Office of the Comptroller of the Currency (OCC)
19 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.

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Cosponsors 10