S 875introduced119th Congress

FIRM Act

Introduced Mar 6, 2025Senate billPolicy area: Finance and Financial SectorLast action Mar 18, 2025Sponsor: Tim Scott(R-SC)

financeFinance and Financial Sector

Banking, Housing, and Urban Affairs Committee

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Official summaryUpdated Mar 18, 2025

What the bill does

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.

Latest official action

Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.

Lobbying Filings Citing It

$59.1M

Reported on Those Filings, All Issues

Lobbying Clients

Recorded Votes

Timeline

Mar 6, 2025bill

Bill introduced

Apr 21, 2025lobbying

Lobbying filed by CHAMBER OF COMMERCE OF THE U.S.A.

Apr 21, 2025lobbying

Lobbying filed by NATIONAL SHOOTING SPORTS FOUNDATION

Jul 17, 2025lobbying

Lobbying filed by NATIONAL SHOOTING SPORTS FOUNDATION

Jul 21, 2025lobbying

Lobbying filed by CHAMBER OF COMMERCE OF THE U.S.A.

Jul 21, 2025lobbying

Official Congressional Actions

Mar 18, 2025Committee

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.

Banking, Housing, and Urban Affairs Committee

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Mar 18, 2025Calendars

Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.

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Mar 18, 2025Committee

Banking, Housing, and Urban Affairs Committee

View official action

Mar 13, 2025

Lobbying Activity

Registrant	Client	Amount	Filed	Period	Issues
CHAMBER OF COMMERCE OF THE U.S.A.	CHAMBER OF COMMERCE OF THE U.S.A.	$19.3M	Jul 21, 2025	2025Q2	AERAUTAVI
CHAMBER OF COMMERCE OF THE U.S.A.	CHAMBER OF COMMERCE OF THE U.S.A.	$19.3M	Apr 21, 2025	2025Q1	ENVFINFOR
AMERICAN BANKERS ASSOCIATION

About this page

The lobbying table lists Senate LDA quarterly reports (LD-2) that cite this bill by number and cover a quarter of the 119th Congress. An LD-2 names a bill as “H.R. 1234” with no Congress, so a report on another Congress, which can only concern a different bill with the same number, is left out, even when it was filed after this Congress began. The amount is what the registrant reported for the whole filing, across every issue on it, not spending on this bill. Official actions and the bill summary come from Congress.gov, and votes from the roll-call record. This page no longer pairs the bill with members' stock trades: matching lobbying clients to traded companies by name, and trades to a bill by date, is not something the records establish.