FIRM Act

Summary

Financial Integrity and Regulation Management Act or the FIRM Act This bill prohibits the consideration of reputational risk by federal banking agencies when regulating, examining, or supervising a depository institution or credit union. The bill defines reputational risk as the potential for negative publicity or public attention to decrease confidence in the institution, lead to litigation, reduce revenues, or result in other adverse impacts to the institution.  Agencies must report on the implementation of this bill. 

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

Timeline

1. 6 March 2025

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 6 March 2025

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 13 March 2025

   Reported

   Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

   Source: Committee

4. 18 March 2025

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.

   Source: Calendars

5. 18 March 2025

   Reported

   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.

   Source: Committee

6. 18 March 2025

   Reported

   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.

   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 to Senate

  Reported to Senate · EN · 18 March 2025

  ViewDownloadOpen at official source

• Introduced in Senate

  Introduced in Senate · EN · 6 March 2025

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 6 March 2025

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Scott, Tim [R-SC] · R · Sponsor
• Sen. Crapo, Mike [R-ID] · R · Sponsor
• Sen. Rounds, Mike [R-SD] · R · Sponsor
• Sen. Tillis, Thomas [R-NC] · R · Sponsor
• Sen. Kennedy, John [R-LA] · R · Sponsor
• Sen. Hagerty, Bill [R-TN] · R · Sponsor
• Sen. Lummis, Cynthia M. [R-WY] · R · Sponsor
• Sen. Britt, Katie Boyd [R-AL] · R · Sponsor
• Sen. Ricketts, Pete [R-NE] · R · Sponsor
• Sen. Cramer, Kevin [R-ND] · R · Sponsor
• Sen. Moreno, Bernie [R-OH] · R · Sponsor
• Sen. McCormick, David [R-PA] · R · Sponsor
• Sen. Banks, Jim [R-IN] · R · Sponsor
• · ssbk00 · Standing

Related records

• related to ← FIRM Act
• related to ← Main Street Capital Access Act
• amends ← SAMDT 3930
• amends ← SAMDT 3931