HR 2702 · introduced · significant
FIRM Act
- economy
What this bill does
- This bill prevents federal banking agencies from considering reputational risk when regulating banks and credit unions.
- Banks and credit unions are affected, along with the federal agencies that oversee them.
- The bill takes effect upon passage and requires agencies to report on how they implement it.
Generated by claude-haiku-4-5
Community Threads
Started by Cosponsor
- 01
How would removing reputational risk from banking regulation affect the standards federal agencies use to evaluate whether a bank poses a systemic risk?
- 02
What evidence exists that considering reputational risk has either helped or hindered the safety and soundness of the banking system?
- 03
Which federal banking agencies currently factor reputational risk into their decisions, and how would this bill change their oversight practices?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-KY-6
Andy Barr
Citizen cosponsors
0
In Congress
19/ 435
House Reps cosponsoring
Introduced 2025-06-20
Joining the bill
Troy Downing
R-MT-2 · original
Scott Fitzgerald
R-WI-5 · original
Glenn Grothman
R-WI-6 · original
William R. Timmons IV
R-SC-4 · original
Ritchie Torres
D-NY-15 · original
Ann Wagner
R-MO-2 · original
Frank D. Lucas
R-OK-3 · original
Doug LaMalfa
R-CA-1 · original
Barry Loudermilk
R-GA-11 · original
Lisa C. McClain
R-MI-9 · original
Mark B. Messmer
R-IN-8 · original
Tim Moore
R-NC-14 · original
+ 7 more
Legislative timeline
2025-06-20 · house · Calendars
Placed on the Union Calendar, Calendar No. 131.
2025-06-20 · house · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-164.
2025-06-20 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-164.
2025-05-21 · house · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 19.
2025-05-21 · house · Committee
Committee Consideration and Mark-up Session Held
2025-04-08 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-04-08 · IntroReferral
Introduced in House
2025-04-08 · IntroReferral
Introduced in House
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