FIRM Act (S.875)
Issue: Banking
Latest Action: Reported out of Senate banking committee on March 18, 2025
The FIRM Act prohibits federal banking agencies from considering reputational risk in their oversight of depository institutions. This includes establishing rules, conducting examinations, issuing findings, or taking enforcement actions based on reputational risk considerations.
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Bill Status
- Introduced
- Passed First Committee
- Passed First Chamber
- Passed Both Committees
- Passed Both Chambers
- Enacted
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