YourVoice.Now Summary
Corporate BenefitsTransparency & AccountabilityNothing changes at your bank now — federal regulators would review their own banking rules every 7 years instead of 10.
Corporate Benefits
Regulators must comb through their own rulebooks to find rules that are outdated or too costly. Today that sweep is due at least once a decade. The bill would make it due at least every seven years.
Every review must end with a list of rules to drop or make simpler. That list is only advice. Each agency still picks what to change.
Transparency & Accountability
Agencies sort their rules into groups and ask the public to point out ones that are outdated or too burdensome. Each group would have to go through that comment round at least every seven years.
Right now the law names only the bank regulators. The bill adds the National Credit Union Administration. So the rules that credit unions live by would face the same reviews and comment rounds.
Each agency would have to weigh what all its rules do as a whole. That means their effect on loans, bank accounts, credit, and the wider economy. Where it can, the agency must put a dollar figure on the costs.
More about this bill
Nothing would change at your bank or credit union right away. What changes is how often federal regulators go back through their own rulebooks. Today they must do that at least once every 10 years. The bill would shorten the cycle to seven years. The public comment rounds that go with each review would come around faster too. Regulators would also pick up a new job. Each agency must look at all of its rules together, not one at a time. That look has to cover how the rules affect people's access to loans and bank accounts. It also has to cover credit, market activity, and what the rules cost. Each review must end with a list of rules to simplify or drop. The findings go to Congress. The credit union agency is written into the law for the first time.
Congressional Summary
Regulatory Efficiency, Verification, Itemization, and Enhanced Workflow Act of 2025 or the REVIEW Act of 2025This bill increases the frequency and expands the scope of regulatory reviews conducted by federal financial agencies.Currently, these regulatory reviews must occur every 10 years to identify outdated or unnecessary regulations imposed on insured depository institutions. The bill increases this frequency to every 7 years. Additionally, the bill expands these reviews to include an internal review of the cumulative impacts of regulations, including an assessment regarding (1) access to financial products and services, (2) credit availability and market liquidity, and (3) costs and benefits of regulations with respect to financial safety and soundness and overall economic activity. The bill also codifies the National Credit Union Administration’s inclusion in this review process.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Placed on the Union Calendar, Calendar No. 452.
- Action Date
- 2026-02-25
- Date Added
- 2026-04-19
- Source
- Congress.gov →
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