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BillsSS. 875

FIRM Act

119th CongressIntroduced March 6, 2025Sen. Scott, Tim [R-SC]· SC
Stage
In committee
Latest action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
March 18, 2025

Summary

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

Committees

  • PrimaryBanking, Housing, and Urban Affairs Committee

CRS subjects

Banking and financial institutions regulationCongressional oversightFinancial services and investments

Action history

  1. March 6, 2025Introduced in Senate
  2. March 6, 2025Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  3. March 13, 2025Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
  4. March 18, 2025Committee 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.
  5. March 18, 2025Committee 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.
  6. March 18, 2025Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.

Cosponsors (11)

Text versions

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