HR. 2702Introduced
FIRM Act
Prohibits federal banking agencies from considering reputational risk in the regulation examination and supervision of depository institutions and credit unions
Plain-English overview
What this bill does
Prohibits federal banking agencies from considering reputational risk in the regulation examination and supervision of depository institutions and credit unions
Key points
- Require implementation reports
- Prohibit reputational risk consideration
- Define reputational risk
Current status
Where it stands
Status
Introduced
Latest action
2025-06-20 — Placed on the Union Calendar, Calendar No. 131.
Related context
Topics and policy areas
undefinedBanking and financial institutions regulationCongressional oversightFinance and Financial SectorFinancial services and investmentsGovernment information and archivesGovernment studies and investigations