HR 2702
FIRM Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 3:10 AM
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- Passed House
- Passed Senate
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- Became Law
Bill overview
The FIRM Act aims to prevent federal banking agencies from using ‘reputational risk’ – the potential for negative publicity to harm a financial institution – when regulating or supervising banks and credit unions. It defines reputational risk as factors like public opinion, litigation, or reduced revenue. The bill requires agencies to remove references to this risk from their guidelines and report on how they’ve implemented the changes.
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