House bill · H.R. 940 (119th Congress)
FAIR Exams Act
U.S. House of Representatives
Sponsor: J. French Hill (U.S. Representative, AR-2, Republican)
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From Congress.gov and official rosters. This record was last updated Sep 23, 2026. About our data
Summary
Fair Audits and Inspections for Regulators’ Exams Act or the FAIR Exams Act This bill establishes new procedures related to the federal examination of financial intuitions. Specifically, the bill establishes the Office of Independent Examination Review within the Federal Financial Institutions Examination Council to adjudicate appeals and investigate complaints from financial institutions concerning examination reports. Under the bill, financial institutions have the right to obtain an independent review of a material supervisory determination contained in a final report of examination. The bill sets forth provisions regarding hearings and final decisions. The bill also sets deadlines for federal financial regulatory agencies to provide final examination reports and to perform exit interviews of a financial institution. In addition, the agency must list all materials relied upon in support of a material supervisory determination upon the request of the financial institution.
Summary from the Congressional Research Service. How we handle summaries
Where it stands
Out of committee and scheduled for a vote by the full chamber.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
House Committee on Financial Services · U.S. House of Representatives
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Cosponsors
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Read on Congress.gov (opens in a new tab)- Republican7
- Democratic1
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Related bills
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Full history
- Jul 25, 2025
Placed on the Union Calendar, Calendar No. 176.
- Jul 25, 2025
Introduced
Placed on the Union Calendar, Calendar No. 176.
U.S. House
- Jul 25, 2025
Placed on the Union Calendar, Calendar No. 176.
- Jul 25, 2025
Reported out of committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-216.
- Jul 25, 2025
Reported out of committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-216.
Show full history (7 earlier events)Show less history
- Jul 15, 2025
Introduced
Introduced in U.S. House
U.S. House
- May 21, 2025
Committee vote
Committee Consideration and Mark-up Session Held
- May 21, 2025
Committee vote
Committee Consideration and Mark-up Session Held
- May 21, 2025
Reported out of committee
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
- May 21, 2025
Reported out of committee
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
- Feb 4, 2025
Introduced
Introduced in House
U.S. House of Representatives
- Feb 4, 2025
Referred to committee
Referred to the House Committee on Financial Services.
U.S. House of Representatives
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.