YourVoice.Now Summary
Your MoneyWorkers & JobsCivil LibertiesCriminal Justice & Due ProcessCorporate BenefitsHigh-Earner BenefitsEnvironmentTransparency & AccountabilityTargeted & Unrelated ProvisionsGun LawsBank and credit union regulators could no longer judge banks on bad-press risk — except unlawful ties to terror groups.
Corporate Benefits
Regulators could not rate, fault, or punish a bank or credit union over bad-press risk. Bad press about unlawful ties to terror groups still counts.
More about this bill
Most households would notice no direct change. The bill changes how federal regulators judge banks and credit unions. They could no longer weigh "reputational risk." That means the chance that bad press, true or not, hurts a bank. The bill has not become law. It was placed on the House calendar on June 20, 2025. Each regulator would have to remove that idea, and similar terms, from its rules and exam guides. They could not use it to set goals, run exams, or give ratings. They also could not fault or punish a bank over it. The ban covers five agencies. They are the Fed, the FDIC, the Comptroller of the Currency, the credit union agency (NCUA), and the CFPB. There is one exception. Bad press about a bank's unlawful dealings with terror groups, or countries that back terror, still counts. Each agency must report to the House and Senate banking committees within 180 days. The report must confirm it complied and list its policy changes.
Congressional 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.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Reported to House
- Action Date
- 2025-06-20
- Date Added
- 2026-04-14
- Source
- Congress.gov →
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