Senate bill · S. 875 (119th Congress)
FIRM Act
U.S. Senate
Sponsor: Tim Scott (U.S. Senator for South Carolina, Republican)
Following needs an Agora account. You will sign in first, then come back to this page.
From Congress.gov and official rosters. This record was last updated Sep 9, 2026. About our data
Summary
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.
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
Senate Committee on Banking, Housing, and Urban Affairs · U.S. Senate
Your position on this bill
Choose the position closest to yours. You'll sign in or create an account to save it.
Cosponsors
Showing the cosponsors who are on Agora, A to Z. The official record may list more.
Read on Congress.gov (opens in a new tab)- Republican11
Shown in neutral colors by design; Agora is non-partisan.
Related bills
As identified by Congress.gov.
Full history
- Mar 18, 2025
Reported out of committee
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, under authority of the order of the Senate of 03/14/2025 with an amendment in the nature of a substitute. Without written report.
U.S. Senate
- Mar 18, 2025
Placed on Senate Legislative Calendar Under General Orders. Calendar No. 32.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
U.S. Senate
- Mar 18, 2025
Introduced
Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
U.S. Senate
- Mar 13, 2025
Reported out of committee
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
- Mar 13, 2025
Reported out of committee
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Show full history (5 earlier events)Show less history
- Mar 13, 2025
Reported out of committee
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
- Mar 6, 2025
Introduced
Introduced in U.S. Senate
U.S. Senate
- Mar 6, 2025
Referred to committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Mar 6, 2025
Referred to committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Mar 6, 2025
Referred to committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.