119th Congress Finance and Financial Sector
H.R. 2702: FIRM Act
Reported
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Troy Downing R-MTOriginal
- Scott Fitzgerald R-WIOriginal
- Glenn Grothman R-WIOriginal
- Frank Lucas R-OKOriginal
- Doug LaMalfa R-CAOriginal
- Barry Loudermilk R-GAOriginal
- Lisa McClain R-MIOriginal
- Mark Messmer R-INOriginal
- Tim Moore R-NCOriginal
- Andrew Ogles R-TNOriginal
- John Rose R-TNOriginal
- Pete Sessions R-TXOriginal
- Marlin Stutzman R-INOriginal
- William Timmons R-SCOriginal
- Ritchie Torres D-NYOriginal
- Ann Wagner R-MOOriginal
- Derek Schmidt R-KS
- Roger Williams R-TX
- Andrew Garbarino R-NY
Who scored on this bill
- 1Garland Barr SponsorDrew cross-party cosponsors, introduced, marked up, reported4 events+38
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Garland Barr
- H.R. 10184: Consumer Financial Protection Accountability and Reform Act of 2026
- H.R. 1653: Civil Investigative Demand Reform Act of 2025
- H.R. 5929: Critical Minerals Supply Chain Resiliency Act of 2026
- H.R. 7056: Community Bank Regulatory Tailoring Act
- H.R. 6552: Bank-Fintech Partnership Enhancement Act
- H.R. 6553: TIER Act of 2025
History
- Introduced in the House by Garland Barr.
Show the full action history (6 actions)
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-164.
- Placed on the Union Calendar, Calendar No. 131.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 19.
- Introduced in House
- Referred to the House Committee on Financial Services.