Bill Detail
S. 875
Congress: 119
Title
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.
Sponsor
Sen. Tim Scott [R-SC]
Status
Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
Status as of Jun 29, 10:37 AM · synced 10h ago
Introduced
2025-03-06
Data source mode: cache
Bill Engagement
Financial Integrity and Regulation Management Act or the FIRM Act This bill prohibits the consideration of reputational risk by federal banking agencies when regulating, examini…
Lobbyists on the case
- Chamber of Commerce of the U.s.a.5 filings · 43 lobs
- American Bankers Association5 filings · 26 lobs
- Credit Union National Association. Inc. DBA America's Credit Unions5 filings · 18 lobs
- American Fintech Council1 filing · 2 lobs
- James Akin2026 Q1
- Rodrigo Alba2026 Q1
- Stephanie Belk2026 Q1
- William Boger2026 Q1
- Neil Bradley2026 Q1
- Naomi Camper2026 Q1
- Hugh Carney2026 Q1
- Alex Catanese2026 Q1