# 119-hr-940: FAIR Exams Act

119-hr-940, FAIR Exams Act, is a 119th Congress bill sponsored by Rep. Hill, J. French [R-AR-2] (R-AR); status in_committee; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-940
- 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-940
- Congress: 119
- Title: FAIR Exams Act
- Status: in_committee
- Introduced: 2025-02-04
- Sponsor: Rep. Hill, J. French [R-AR-2] (R-AR)
- Cosponsors: 10
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

This bill would set strict deadlines for federal bank exams and create a new review office inside the Federal Financial Institutions Examination Council to give insured institutions a formal appeal. **A new right to independent review of material supervisory determinations.** - Depository institutions and insured credit unions would face clearer exam timelines. Exams must finish within 270 days and final reports must include an appendix listing all factual information relied on and be delivered within 90 days after the exit interview or any requested follow up. - Insured institutions would gain a path to challenge material supervisory determinations through a de novo review by a three-member Board. The Board must resolve appeals on a fast timetable, with key filing and decision windows set at 60 days. - The bill creates an Office of Independent Examination Review with a three-member Presidential-appointed Board and requires agencies to share costs, with each designated agency paying one-quarter of Office expenses. The Office would handle complaint intake, quality assurance, and publish redacted summaries of guidance determinations.

## Cosponsors (10)

- Rep. Meuser, Daniel [R-PA-9] (R-PA), 2025-02-04T00:00:00.000Z
- Rep. Wagner, Ann [R-MO-2] (R-MO), 2025-02-04T00:00:00.000Z
- Rep. Huizenga, Bill [R-MI-4] (R-MI), 2025-02-04T00:00:00.000Z
- Rep. Timmons, William R. [R-SC-4] (R-SC), 2025-02-04T00:00:00.000Z
- Rep. Moore, Tim [R-NC-14] (R-NC), 2025-02-04T00:00:00.000Z
- Rep. Williams, Roger [R-TX-25] (R-TX), 2025-02-04T00:00:00.000Z
- Rep. Haridopolos, Mike [R-FL-8] (R-FL), 2025-02-12T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2025-05-19T00:00:00.000Z
- Rep. Scott, David [D-GA-13] (D-GA), 2025-07-15T00:00:00.000Z
- Rep. Fields, Cleo [D-LA-6] (D-LA), 2025-07-15T00:00:00.000Z

## Provisions PRIA read

- Faster bank exam timelines and access: benefit, medium. If enacted, agencies would have to finish any exam within 270 days of the start. If enacted, agencies would hold an exit interview with senior management within 30 days after the exam ends. If enacted, the agency must give the final exam report within 90 days after the later of the exit interview o…
- Independent appeals and faster decisions for banks: benefit, medium. If enacted, an insured bank or credit union could ask the Board for a new, de novo review of material supervisory findings. If enacted, the bank must give written notice within 60 days of the final exam report. If enacted, the Board must decide within 60 days after the record closes, and that decis…
- New independent exam review office: mixed, medium. If enacted, the Council would get an Office of Independent Examination Review led by a three-member Board. If enacted, the Board would take complaints, review exam policies, do quality assurance, and report to Congress each year. If enacted, the President would name members with 3-year terms and li…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-979: AM Radio for Every Vehicle Act of 2025
- 119-hr-909: Crime Victims Fund Stabilization Act of 2025
- 119-hconres-12: Supporting the Local Radio Freedom Act.

## Sources
- [119-hr-940 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/940)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [119-hconres-12: Supporting the Local Radio Freedom Act.](https://policyrisk.com/legislation/119-hconres-12)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-940 (as of 2026-09-21).