Federal banking regulators already have to review their rules every 10 years to check for outdated or unnecessary paperwork. This bill speeds the cycle up to every seven years and adds a requirement to assess how the rules together affect consumers' access to credit, market liquidity, and the cost of financial services — then recommend changes. Banks, credit unions, and mortgage lenders would likely see more frequent rollbacks of rules; consumer advocates worry it could weaken oversight added after the 2008 crisis.
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conducted by federal financial agencies.Currently, these regulatory reviews must occur every 10 years to identify outdated or unnecessary regulations imposed on insured depository institutions.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
- Reported to House
- Action Date
- 2026-02-25
- Date Added
- 2026-04-19