H.R. 2702 explained · 119th Congress · Pending in Congress
FIRM Act
Cosponsors: 19 (1 D, 18 R) · per Congress.gov, 2026-10-11
Introduced: 2025-04-08
Latest action (2025-06-20): Placed on the Union Calendar, Calendar No. 131.
What H.R. 2702 does, in plain terms
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.
Official summary by the Congressional Research Service, via Congress.gov.
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