# 119-hr-2702: FIRM Act

119-hr-2702, FIRM Act, is a 119th Congress bill sponsored by Rep. Barr, Andy [R-KY-6] (R-KY); status in_committee; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-2702
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2702
- Congress: 119
- Title: FIRM Act
- Status: in_committee
- Introduced: 2025-04-08
- Sponsor: Rep. Barr, Andy [R-KY-6] (R-KY)
- Cosponsors: 19
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Removes "reputational risk" from federal bank supervision.** This bill would bar Federal banking agencies from using reputational risk as a basis for rules, exams, ratings, or enforcement against depository institutions. - Banks and credit unions: Would no longer face supervision or enforcement actions that rely on reputational risk. Agencies must remove references to reputational risk from guidance, rules, and examination manuals. - Federal banking agencies: Would be prohibited from any activity related to reputational risk in regulation, supervision, or examination. Each agency must report to the House and Senate banking committees within 180 days after enactment describing the policy changes. - Consumers, communities, and businesses: The bill aims to reduce instances where reputational concerns limit access to financial services. That seeks to protect people or groups who were denied banking for reputational reasons.

## Cosponsors (19)

- Rep. Torres, Ritchie [D-NY-15] (D-NY), 2025-04-08T00:00:00.000Z
- Rep. McClain, Lisa C. [R-MI-9] (R-MI), 2025-04-08T00:00:00.000Z
- Rep. Lucas, Frank D. [R-OK-3] (R-OK), 2025-04-08T00:00:00.000Z
- Rep. Loudermilk, Barry [R-GA-11] (R-GA), 2025-04-08T00:00:00.000Z
- Rep. Rose, John W. [R-TN-6] (R-TN), 2025-04-08T00:00:00.000Z
- Rep. Wagner, Ann [R-MO-2] (R-MO), 2025-04-08T00:00:00.000Z
- Rep. Stutzman, Marlin A. [R-IN-3] (R-IN), 2025-04-08T00:00:00.000Z
- Rep. Timmons, William R. [R-SC-4] (R-SC), 2025-04-08T00:00:00.000Z
- Rep. Moore, Tim [R-NC-14] (R-NC), 2025-04-08T00:00:00.000Z
- Rep. Messmer, Mark B. [R-IN-8] (R-IN), 2025-04-08T00:00:00.000Z
- Rep. Fitzgerald, Scott [R-WI-5] (R-WI), 2025-04-08T00:00:00.000Z
- Rep. Ogles, Andrew [R-TN-5] (R-TN), 2025-04-08T00:00:00.000Z
- Rep. Downing, Troy [R-MT-2] (R-MT), 2025-04-08T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2025-04-08T00:00:00.000Z
- Rep. LaMalfa, Doug [R-CA-1] (R-CA), 2025-04-08T00:00:00.000Z
- Rep. Grothman, Glenn [R-WI-6] (R-WI), 2025-04-08T00:00:00.000Z
- Rep. Williams, Roger [R-TX-25] (R-TX), 2025-05-05T00:00:00.000Z
- Rep. Schmidt, Derek [R-KS-2] (R-KS), 2025-05-05T00:00:00.000Z
- Rep. Garbarino, Andrew R. [R-NY-2] (R-NY), 2025-05-19T00:00:00.000Z

## Provisions PRIA read

- Limit bank oversight for 'reputational risk': mixed, medium. This bill would bar federal banking agencies from using "reputational risk" when they supervise banks. Agencies would not be able to set rules, run exams, issue ratings, or take enforcement based on it. They would also need to remove that term from their guidance and manuals. Agencies would report…

## Related bills

- 119-hr-703: Main Street Tax Certainty Act
- 119-hr-452: Miracle on Ice Congressional Gold Medal Act
- 119-hr-21: Born-Alive Abortion Survivors Protection Act
- 119-hr-1919: Anti-CBDC Surveillance State Act
- 119-hr-979: AM Radio for Every Vehicle Act of 2025
- 119-hr-45: FIND Act

## Sources
- [119-hr-2702 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2702)

## Related
- [119-hr-703: Main Street Tax Certainty Act](https://policyrisk.com/legislation/119-hr-703)
- [119-hr-452: Miracle on Ice Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-452)
- [119-hr-21: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-hr-21)
- [119-hr-1919: Anti-CBDC Surveillance State Act](https://policyrisk.com/legislation/119-hr-1919)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [119-hr-45: FIND Act](https://policyrisk.com/legislation/119-hr-45)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2702 (as of 2026-09-21).