FIRM Act

Sponsored byRep. Barr, Andy [R-KY-6]KY· Introduced 8 April 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

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Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

Placed on the Union Calendar, Calendar No. 131.

20 June 2025·1 year ago

Summary

Introduced in House · Updated 13 April 2026

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.

Timeline

8 actions

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-164.
20 June 2025 · Committee
Placed on the Union Calendar, Calendar No. 131.
20 June 2025 · Calendars
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-164.
20 June 2025 · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 19.
21 May 2025 · Committee
Committee Consideration and Mark-up Session Held
21 May 2025 · Committee
Referred to the House Committee on Financial Services.
8 April 2025 · IntroReferral
Introduced in House
8 April 2025 · IntroReferral
Introduced in House
8 April 2025 · IntroReferral

Sponsorship

19 cosponsors

Sponsor

Rep. Barr, Andy [R-KY-6]KY

Cosponsors

Democrat15%
Republican1895%

Republican:Rep. Garbarino, Andrew R. [R-NY-2]NY
Republican:Rep. Williams, Roger [R-TX-25]TX
Republican:Rep. Schmidt, Derek [R-KS-2]KS
Republican:Rep. Wagner, Ann [R-MO-2]MO
Republican:Rep. Fitzgerald, Scott [R-WI-5]WI
Republican:Rep. Timmons, William R. [R-SC-4]SC
Republican:Rep. Grothman, Glenn [R-WI-6]WI
Republican:Rep. Lucas, Frank D. [R-OK-3]OK
Republican:Rep. Messmer, Mark [R-IN-8]IN
Republican:Rep. Moore, Tim [R-NC-14]NC
Republican:Rep. McClain, Lisa C. [R-MI-9]MI
Republican:Rep. Rose, John W. [R-TN-6]TN
Republican:Rep. Stutzman, Marlin A. [R-IN-3]IN
Republican:Rep. Sessions, Pete [R-TX-17]TX
Republican:Rep. Downing, Troy [R-MT-2]MT
Republican:Rep. Ogles, Andrew [R-TN-5]TN
Republican:Rep. Loudermilk, Barry [R-GA-11]GA
Republican:Rep. LaMalfa, Doug [R-CA-1]CA
Democrat:Rep. Torres, Ritchie [D-NY-15]NY

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Banking and financial institutions regulationCongressional oversightFinancial services and investmentsGovernment information and archivesGovernment studies and investigations

Committees

Financial Services Committee
House · Standing
- Referred To8 Apr 2025
- Markup By21 May 2025
- Reported By20 Jun 2025

Reports

H. Rept. 119-164

Cosponsor momentum

Cumulative over time

Track FIRM Act as it moves through Congress