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Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
3/18/2025 • Senate
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 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.
Introduced in Senate • 3/6/2025
Topics & Subjects
CBO Cost Estimates (1)
Amendments (2)
This bill has 2 amendments proposed or adopted.
View all amendments on Congress.govCongressional Votes (0)
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Related Federal Spending
Sponsor & Cosponsors (13)
Party Breakdown
Sponsor
Cosponsors (12)
Bill Journey
Originated in the Senate
Introduced
March 6, 2025
Committee Review
March 13, 2025
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law