S. 875Introduced
FIRM Act
Prohibits federal banking agencies from considering reputational risk in supervising depository institutions and credit unions, and requires implementation reporting
Plain-English overview
What this bill does
Prohibits federal banking agencies from considering reputational risk in supervising depository institutions and credit unions, and requires implementation reporting
Key points
- Require implementation reports
- Prohibit reputational risk consideration
Current status
Where it stands
Status
Introduced
Latest action
2025-03-18 — Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
Related context
Topics and policy areas
undefinedBanking and financial institutions regulationCongressional oversightFinance and Financial SectorFinancial services and investmentsGovernment information and archivesGovernment studies and investigations