S 875 119th Congress Senate 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: March 6, 2025 Introduced by: Scott, Tim Republican · South Carolina See on congress.gov

Everywhere this bill has been 5 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 18, 2025

Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.

Mar 18, 2025

Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, under authority of the order of the Senate of 03/14/2025 with an amendment in the nature of a substitute. Without written report.

Mar 13, 2025

Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

Mar 6, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Mar 6, 2025

Introduced in Senate

Amendments to this bill 2

Amendment	Sponsor	Purpose	Status	Latest action
SAMDT 3,931	Reed, Jack	—	Pending	—
SAMDT 3,930	Reed, Jack	—	Pending	—

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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 March 18, 2025

Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.

Hearings & markups 1

Business meeting to consider an original bill entitled, "GENIUS Act of 2025", and S.875, to curtail the political weapo…
Meeting Mar 13, 2025 · 10:00 AM EDT · Banking, Housing, and Urban Affairs Committee

Related & companion bills 2

Bill text 2 versions

Introduced in Senate Formatted Text PDF Formatted XML
Reported to Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Banking, Housing, and Urban Affairs Committee
Senate

Lobbying activity 71

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

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
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