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United States · Bill · HR

H.R. 940 (119th)

FAIR Exams Act

openUnited States· United States Congress· EN

Introduced

4 February 2025

Last action

25 July 2025 · Reported

Status

Placed on the Union Calendar, Calendar No. 176.

Sponsors

Rep. Hill, J. French [R-AR-2], Rep. Meuser, Daniel [R-PA-9], Rep. Wagner, Ann [R-MO-2], Rep. Huizenga, Bill [R-MI-4], Rep. Timmons, William R. [R-SC-4], Rep. Moore, Tim [R-NC-14], Rep. Williams, Roger [R-TX-25], Rep. Haridopolos, Mike [R-FL-8], Rep. Sessions, Pete [R-TX-17], David Scott, Rep. Fields, Cleo [D-LA-6]

Subjects

Discovery layer

Source updated

17 July 2026

Summary

Fair Audits and Inspections for Regulators’ Exams Act or the FAIR Exams Act This bill establishes new procedures related to the federal examination of financial intuitions. Specifically, the bill establishes the Office of Independent Examination Review within the Federal Financial Institutions Examination Council to adjudicate appeals and investigate complaints from financial institutions concerning examination reports. Under the bill, financial institutions have the right to obtain an independent review of a material supervisory determination contained in a final report of examination. The bill sets forth provisions regarding hearings and final decisions.  The bill also sets deadlines for federal financial regulatory agencies to provide final examination reports and to perform exit interviews of a financial institution. In addition, the agency must list all materials relied upon in support of a material supervisory determination upon the request of the financial institution.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 February 2025

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 4 February 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 4 February 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 21 May 2025

    Vote

    Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.

    Source: Committee

  5. 21 May 2025

    Committee

    Committee Consideration and Mark-up Session Held

    Source: Committee

  6. 25 July 2025

    Calendars

    Placed on the Union Calendar, Calendar No. 176.

    Source: Calendars

  7. 25 July 2025

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-216.

    Source: Committee

  8. 25 July 2025

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-216.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

Reported in House

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  • Reported in House

    Reported in House · EN · 25 July 2025

    ViewDownloadOpen at official source

  • Introduced in House

    Introduced in House · EN · 4 February 2025

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 4 February 2025

    Open at official source

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Sponsors

Related records

Sources

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