S 875 · introduced · significant
FIRM Act
- government reform
What this bill does
- Federal banking agencies cannot consider reputational risk when regulating banks and credit unions.
- This affects how bank regulators examine and supervise depository institutions and credit unions.
- Agencies must report on how they implement this prohibition on reputational risk considerations.
Generated by claude-haiku-4-5
Community Threads
Started by Cosponsor
- 01
How would removing reputational risk from regulatory decisions change which banks receive closer scrutiny or enforcement action?
- 02
What specific banking failures or misconduct might occur if regulators cannot consider a financial institution's reputation when making supervision decisions?
- 03
Which stakeholder groups—depositors, taxpayers, competitors, or others—would be most affected by preventing regulators from weighing institutional reputation?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-SC
Tim Scott
Citizen cosponsors
0
In Congress
12/ 100
Senators cosponsoring
Introduced 2025-03-18
Joining the bill
Jim Banks
R-IN · original
Katie Boyd Britt
R-AL · original
Mike Crapo
R-ID · original
Kevin Cramer
R-ND · original
Bill Hagerty
R-TN · original
John Kennedy
R-LA · original
Cynthia M. Lummis
R-WY · original
Bernie Moreno
R-OH · original
David McCormick
R-PA · original
Mike Rounds
R-SD · original
Pete Ricketts
R-NE · original
Thom Tillis
R-NC · original
Legislative timeline
2025-03-18 · senate · Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
2025-03-18 · senate · Committee
Committee 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.
2025-03-18 · Committee
Committee 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.
2025-03-13 · senate · Committee
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
2025-03-06 · senate · IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-03-06 · IntroReferral
Introduced in Senate
Citizen comments
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