2025-2026 Regular Session • US Congress Legislature
SB875: FIRM Act Financial Integrity and Regulation Management Act
Legislative Summary
A bill to curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions.
Bill History
3/6/2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Senate
3/13/2025
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Senate
3/18/2025
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.
Senate
3/18/2025
Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
Senate
Status Information
Current Status
Introduced(3/6/2025)
Chamber
Senate
Sponsors
Republican: 13
Primary Sponsor
Tim Scott
Republican