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Banking, Housing, and Urban Affairs Committee
- Referred To
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S. 875In committee
FIRM Act
Introduced: Mar 6, 2025
Latest action date: Mar 18, 2025
Latest development
Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
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- Congress
- 119th Congress
- Introduced
- Mar 6, 2025
- Recorded roll calls
- 0
Status detail: The most advanced recorded stage is committee consideration.
Plain-language overview
What this bill does
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.
Official summary from Congress.gov.
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Finance and Financial Sector
View 5 official legislative subjects
Banking and financial institutions regulationCongressional oversightFinancial services and investmentsGovernment information and archivesGovernment studies and investigations
Committee activity
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Official committee record ↗
Amendments
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
View amendments2 amendments
S.Amdt. 3931senateStatus unavailable
S.Amdt. 3931
S.Amdt. 3930senateStatus unavailable
S.Amdt. 3930
Checked against Congress.gov Oct 16, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline6 actions
Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
CalendarsSenateCommittee 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.
CommitteeSenateCommittee 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.
CommitteeLibrary of CongressCommittee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
CommitteeSenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralSenateIntroduced in Senate
IntroReferralLibrary of Congress
Roll-call votes
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