FIRM Act

Hozzl · 2025-07-15T17:41:08Z

Explore the details of House Bill 2702 FIRM Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

7/15/2025, 5:41 PM

Summary of Bill HR 2702

The "FIRM Act" (H.R. 2702) was introduced in the 119th Congress on April 8, 2025. The bill aims to address issues related to financial institutions by proposing reforms and regulations. Specific details or provisions within the bill are not explicitly provided in the context object.

Congressional Summary of HR 2702

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.

Read the Full Bill

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Current Status of Bill HR 2702

Bill HR 2702 is currently in the status of Bill Introduced since April 8, 2025. Bill HR 2702 was introduced during Congress 119 and was introduced to the House on April 8, 2025. Bill HR 2702's most recent activity was Placed on the Union Calendar, Calendar No. 131. as of June 20, 2025

Bipartisan Support of Bill HR 2702

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2702

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 2702

To curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions.

Comments

Gracelyn Lamb

732

9 months ago

This bill is a disaster for me and my family. It's gonna make things so much harder for us.

Veronica Blackwell

653

1 year ago

This bill is good. Who does it help?

Eileen Pate

755

1 year ago

I am so sad about this new bill, it's called the FIRM Act. It will help protect our environment and create jobs in renewable energy. I really hope it passes soon!

Emerson Golden

734

10 months ago

I don't like this new bill, it's gonna mess things up for me and my friends. I wish they would think about how it's gonna impact regular people like us. Just doesn't seem fair, you know?