S. 875

119th Congress

Reported

FIRM Act

Sponsored byRepublican:Sen. Scott, Tim [R-SC]SC· Introduced 6 March 2025
Open on Congress.gov

12

Cosponsors

6

Actions

2

Amendments

0

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

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

18 March 2025·1 year ago

Summary

Introduced in Senate · Updated 27 August 2025

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

6 actions

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

    18 March 2025 · Calendars

  2. 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.

    18 March 2025 · Committee

  3. 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.

    18 March 2025 · Committee

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

    13 March 2025 · Committee

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

    6 March 2025 · IntroReferral

  6. Introduced in Senate

    6 March 2025 · IntroReferral

Sponsorship

12 cosponsors

Sponsor

Republican:Sen. Scott, Tim [R-SC]SC

Cosponsors

  • Republican12100%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

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

Amendments

2

  • SAMDT 3931Proposed

    10 October 2025

  • SAMDT 3930Proposed

    10 October 2025

Pelosi Tracker
Follow on XJoin our Discord
PoliticiansBillsPortfoliosPricingAboutLegalTerms of ServicePrivacy Policy
Français
© 2026 - All rights reserved. Powered by Vantara Labs
This website is an independent, third-party platform. It is not affiliated with, endorsed by, or in any way associated with Nancy Pelosi, her office, or her representatives. Any use of her name is solely for the purpose of discussing publicly available information.The information provided on this website is for informational and educational purposes only and is not intended to serve as, nor should it be construed as, financial or investment advice. The data presented here is sourced from publicly available filings and records. While we strive for accuracy, timeliness, and completeness, we do not guarantee that all information is error-free or current.