HR 2702 · 119th Congress · Finance and Financial Sector
FIRM Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 131.(2025-06-20)
Plain Language Summary
[AI summary unavailable — showing source text]
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. …
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 2702, FIRM Act
Feb 6, 2026As reported by the House Committee on Financial Services on June 20, 2025
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (19)
1 Democrat18 Republicans