S. 875Introduced

FIRM Act

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

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Banking and financial institutions regulationCongressional oversightFinance and Financial SectorFinancial services and investmentsGovernment information and archivesGovernment studies and investigations
Discovery signals

About these signals

Methodology

Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.

Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.
Full Text (PDF)Amendments (2)
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