<?xml version="1.0" encoding="utf-8" standalone="no"?>
<billStatus>
  <version>3.0.0</version>
  <bill>
    <number>875</number>
    <updateDate>2026-03-12T15:09:35Z</updateDate>
    <updateDateIncludingText>2026-03-12T15:09:35Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
    <type>S</type>
    <introducedDate>2025-03-06</introducedDate>
    <congress>119</congress>
    <legislationUrl>https://www.congress.gov/bill/119th-congress/senate-bill/875</legislationUrl>
    <committees>
      <item>
        <systemCode>ssbk00</systemCode>
        <name>Banking, Housing, and Urban Affairs Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
        <activities>
          <item>
            <name>Reported By</name>
            <date>2025-03-18T17:01:37Z</date>
          </item>
          <item>
            <name>Markup By</name>
            <date>2025-03-13T18:36:21Z</date>
          </item>
          <item>
            <name>Referred To</name>
            <date>2025-03-06T15:47:50Z</date>
          </item>
        </activities>
      </item>
    </committees>
    <relatedBills>
      <item>
        <title>Main Street Capital Access Act</title>
        <congress>119</congress>
        <number>6955</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2026-03-04</actionDate>
          <text>Ordered to be Reported by the Yeas and Nays: 26 - 16.</text>
        </latestAction>
        <relationshipDetails>
          <item>
            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
        </relationshipDetails>
      </item>
      <item>
        <title>FIRM Act</title>
        <congress>119</congress>
        <number>2702</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2025-06-20</actionDate>
          <text>Placed on the Union Calendar, Calendar No. 131.</text>
        </latestAction>
        <relationshipDetails>
          <item>
            <type>Identical bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
        </relationshipDetails>
      </item>
    </relatedBills>
    <actions>
      <item>
        <actionDate>2025-03-18</actionDate>
        <sourceSystem>
          <name>Senate</name>
        </sourceSystem>
        <text>Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.</text>
        <type>Calendars</type>
      </item>
      <item>
        <actionDate>2025-03-18</actionDate>
        <committees>
          <item>
            <systemCode>ssbk00</systemCode>
            <name>Banking, Housing, and Urban Affairs Committee</name>
          </item>
        </committees>
        <sourceSystem>
          <name>Senate</name>
        </sourceSystem>
        <text>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.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2025-03-18</actionDate>
        <text>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.</text>
        <type>Committee</type>
        <actionCode>14000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
        </sourceSystem>
        <committees>
          <item>
            <systemCode>ssbk00</systemCode>
            <name>Banking, Housing, and Urban Affairs Committee</name>
          </item>
        </committees>
      </item>
      <item>
        <actionDate>2025-03-13</actionDate>
        <committees>
          <item>
            <systemCode>ssbk00</systemCode>
            <name>Banking, Housing, and Urban Affairs Committee</name>
          </item>
        </committees>
        <sourceSystem>
          <name>Senate</name>
        </sourceSystem>
        <text>Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2025-03-06</actionDate>
        <committees>
          <item>
            <systemCode>ssbk00</systemCode>
            <name>Banking, Housing, and Urban Affairs Committee</name>
          </item>
        </committees>
        <sourceSystem>
          <name>Senate</name>
        </sourceSystem>
        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
        <type>IntroReferral</type>
      </item>
      <item>
        <actionDate>2025-03-06</actionDate>
        <text>Introduced in Senate</text>
        <type>IntroReferral</type>
        <actionCode>10000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
        </sourceSystem>
      </item>
    </actions>
    <sponsors>
      <item>
        <bioguideId>S001184</bioguideId>
        <fullName>Sen. Scott, Tim [R-SC]</fullName>
        <firstName>Tim</firstName>
        <lastName>Scott</lastName>
        <party>R</party>
        <state>SC</state>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>C000880</bioguideId>
        <fullName>Sen. Crapo, Mike [R-ID]</fullName>
        <firstName>Mike</firstName>
        <lastName>Crapo</lastName>
        <party>R</party>
        <state>ID</state>
        <sponsorshipDate>2025-03-06</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>R000605</bioguideId>
        <fullName>Sen. Rounds, Mike [R-SD]</fullName>
        <firstName>Mike</firstName>
        <lastName>Rounds</lastName>
        <party>R</party>
        <state>SD</state>
        <sponsorshipDate>2025-03-06</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>T000476</bioguideId>
        <fullName>Sen. Tillis, Thomas [R-NC]</fullName>
        <firstName>Thomas</firstName>
        <lastName>Tillis</lastName>
        <party>R</party>
        <state>NC</state>
        <middleName>Roland</middleName>
        <sponsorshipDate>2025-03-06</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000393</bioguideId>
        <fullName>Sen. Kennedy, John [R-LA]</fullName>
        <firstName>John</firstName>
        <lastName>Kennedy</lastName>
        <party>R</party>
        <state>LA</state>
        <sponsorshipDate>2025-03-06</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H000601</bioguideId>
        <fullName>Sen. Hagerty, Bill [R-TN]</fullName>
        <firstName>Bill</firstName>
        <lastName>Hagerty</lastName>
        <party>R</party>
        <state>TN</state>
        <sponsorshipDate>2025-03-06</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>L000571</bioguideId>
        <fullName>Sen. Lummis, Cynthia M. [R-WY]</fullName>
        <firstName>Cynthia</firstName>
        <lastName>Lummis</lastName>
        <party>R</party>
        <state>WY</state>
        <middleName>M.</middleName>
        <sponsorshipDate>2025-03-06</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001319</bioguideId>
        <fullName>Sen. Britt, Katie Boyd [R-AL]</fullName>
        <firstName>Katie</firstName>
        <lastName>Britt</lastName>
        <party>R</party>
        <state>AL</state>
        <sponsorshipDate>2025-03-06</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>R000618</bioguideId>
        <fullName>Sen. Ricketts, Pete [R-NE]</fullName>
        <firstName>Pete</firstName>
        <lastName>Ricketts</lastName>
        <party>R</party>
        <state>NE</state>
        <sponsorshipDate>2025-03-06</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001096</bioguideId>
        <fullName>Sen. Cramer, Kevin [R-ND]</fullName>
        <firstName>Kevin</firstName>
        <lastName>Cramer</lastName>
        <party>R</party>
        <state>ND</state>
        <sponsorshipDate>2025-03-06</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001242</bioguideId>
        <fullName>Sen. Moreno, Bernie [R-OH]</fullName>
        <firstName>Bernie</firstName>
        <lastName>Moreno</lastName>
        <party>R</party>
        <state>OH</state>
        <sponsorshipDate>2025-03-06</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001243</bioguideId>
        <fullName>Sen. McCormick, David [R-PA]</fullName>
        <firstName>David</firstName>
        <lastName>McCormick</lastName>
        <party>R</party>
        <state>PA</state>
        <middleName>H.</middleName>
        <sponsorshipDate>2025-03-06</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001299</bioguideId>
        <fullName>Sen. Banks, Jim [R-IN]</fullName>
        <firstName>Jim</firstName>
        <lastName>Banks</lastName>
        <party>R</party>
        <state>IN</state>
        <sponsorshipDate>2025-03-06</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <cboCostEstimates>
      <item>
        <pubDate>2026-02-05T21:10:00Z</pubDate>
        <title>S. 875, the FIRM Act</title>
        <url>https://www.cbo.gov/publication/62084</url>
        <description>As reported by the Senate Committee on Banking, Housing, and Urban Affairs on March 18, 2025</description>
      </item>
    </cboCostEstimates>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Banking and financial institutions regulation</name>
          <updateDate>2025-04-02T14:19:44Z</updateDate>
        </item>
        <item>
          <name>Congressional oversight</name>
          <updateDate>2025-04-02T14:35:37Z</updateDate>
        </item>
        <item>
          <name>Financial services and investments</name>
          <updateDate>2025-04-02T14:35:18Z</updateDate>
        </item>
        <item>
          <name>Government information and archives</name>
          <updateDate>2025-04-02T14:36:06Z</updateDate>
        </item>
        <item>
          <name>Government studies and investigations</name>
          <updateDate>2025-04-02T14:35:54Z</updateDate>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2025-03-23T11:21:51Z</updateDate>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2025-03-06</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2025-08-27T21:18:22Z</updateDate>
        <text><![CDATA[<p><strong>Financial Integrity and Regulation Management Act or the FIRM Act</strong></p><p>This bill prohibits the consideration of&nbsp;reputational risk by federal banking agencies when regulating, examining, or supervising a depository institution or credit union. The bill defines <em>reputational risk</em> 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.&nbsp;</p><p>Agencies must report on the implementation of this bill.&nbsp;</p>]]></text>
      </summary>
    </summaries>
    <title>FIRM Act</title>
    <titles>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>FIRM Act</title>
        <updateDate>2025-03-27T03:23:21Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Financial Integrity and Regulation Management Act</title>
        <updateDate>2025-03-27T03:23:21Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>A bill to curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions.</title>
        <updateDate>2025-03-27T03:18:36Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>FIRM Act</title>
        <updateDate>2025-03-22T05:53:23Z</updateDate>
      </item>
      <item>
        <titleType>Short Title(s) as Reported to Senate</titleType>
        <titleTypeCode>103</titleTypeCode>
        <title>FIRM Act</title>
        <updateDate>2025-03-22T05:53:20Z</updateDate>
        <chamberCode>S</chamberCode>
        <chamberName>Senate</chamberName>
        <billTextVersionName>Reported to Senate</billTextVersionName>
        <billTextVersionCode>RS</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Title(s) as Reported to Senate</titleType>
        <titleTypeCode>103</titleTypeCode>
        <title>Financial Integrity and Regulation Management Act</title>
        <updateDate>2025-03-22T05:53:20Z</updateDate>
        <chamberCode>S</chamberCode>
        <chamberName>Senate</chamberName>
        <billTextVersionName>Reported to Senate</billTextVersionName>
        <billTextVersionCode>RS</billTextVersionCode>
      </item>
    </titles>
    <amendments>
      <amendment>
        <number>3931</number>
        <congress>119</congress>
        <type>SAMDT</type>
        <updateDate>2025-10-09T18:10:16Z</updateDate>
        <sponsors>
          <item>
            <bioguideId>R000122</bioguideId>
            <fullName>Sen. Reed, Jack [D-RI]</fullName>
            <firstName>John</firstName>
            <lastName>Reed</lastName>
            <party>D</party>
            <state>RI</state>
            <middleName>F.</middleName>
          </item>
        </sponsors>
        <cosponsors>
          <countIncludingWithdrawnCosponsors>1</countIncludingWithdrawnCosponsors>
          <count>1</count>
          <item>
            <bioguideId>W000817</bioguideId>
            <fullName>Sen. Warren, Elizabeth [D-MA]</fullName>
            <firstName>Elizabeth</firstName>
            <lastName>Warren</lastName>
            <party>D</party>
            <state>MA</state>
            <middleName>A.</middleName>
            <sponsorshipDate>2025-10-09</sponsorshipDate>
            <isOriginalCosponsor>True</isOriginalCosponsor>
          </item>
        </cosponsors>
        <submittedDate>2025-10-09T04:00:00Z</submittedDate>
        <chamber>Senate</chamber>
        <amendedBill>
          <congress>119</congress>
          <type>S</type>
          <originChamber>Senate</originChamber>
          <originChamberCode>S</originChamberCode>
          <number>875</number>
          <title>FIRM Act</title>
          <updateDateIncludingText>2026-03-12</updateDateIncludingText>
        </amendedBill>
        <actions>
          <count>2</count>
          <actions>
            <item>
              <actionDate>2025-10-09</actionDate>
              <type>IntroReferral</type>
              <actionCode>Intro-S</actionCode>
              <sourceSystem>
                <code>9</code>
                <name>Library of Congress</name>
              </sourceSystem>
            </item>
            <item>
              <actionDate>2025-10-09</actionDate>
              <text>Senate amendment submitted</text>
              <type>Floor</type>
              <actionCode>91000</actionCode>
              <sourceSystem>
                <code>9</code>
                <name>Library of Congress</name>
              </sourceSystem>
            </item>
          </actions>
        </actions>
        <textVersions>
          <count>1</count>
        </textVersions>
      </amendment>
      <amendment>
        <number>3930</number>
        <congress>119</congress>
        <type>SAMDT</type>
        <updateDate>2025-10-09T18:10:01Z</updateDate>
        <sponsors>
          <item>
            <bioguideId>R000122</bioguideId>
            <fullName>Sen. Reed, Jack [D-RI]</fullName>
            <firstName>John</firstName>
            <lastName>Reed</lastName>
            <party>D</party>
            <state>RI</state>
            <middleName>F.</middleName>
          </item>
        </sponsors>
        <cosponsors>
          <countIncludingWithdrawnCosponsors>1</countIncludingWithdrawnCosponsors>
          <count>1</count>
          <item>
            <bioguideId>W000817</bioguideId>
            <fullName>Sen. Warren, Elizabeth [D-MA]</fullName>
            <firstName>Elizabeth</firstName>
            <lastName>Warren</lastName>
            <party>D</party>
            <state>MA</state>
            <middleName>A.</middleName>
            <sponsorshipDate>2025-10-09</sponsorshipDate>
            <isOriginalCosponsor>True</isOriginalCosponsor>
          </item>
        </cosponsors>
        <submittedDate>2025-10-09T04:00:00Z</submittedDate>
        <chamber>Senate</chamber>
        <amendedBill>
          <congress>119</congress>
          <type>S</type>
          <originChamber>Senate</originChamber>
          <originChamberCode>S</originChamberCode>
          <number>875</number>
          <title>FIRM Act</title>
          <updateDateIncludingText>2026-03-12</updateDateIncludingText>
        </amendedBill>
        <actions>
          <count>2</count>
          <actions>
            <item>
              <actionDate>2025-10-09</actionDate>
              <type>IntroReferral</type>
              <actionCode>Intro-S</actionCode>
              <sourceSystem>
                <code>9</code>
                <name>Library of Congress</name>
              </sourceSystem>
            </item>
            <item>
              <actionDate>2025-10-09</actionDate>
              <text>Senate amendment submitted</text>
              <type>Floor</type>
              <actionCode>91000</actionCode>
              <sourceSystem>
                <code>9</code>
                <name>Library of Congress</name>
              </sourceSystem>
            </item>
          </actions>
        </actions>
        <textVersions>
          <count>1</count>
        </textVersions>
      </amendment>
    </amendments>
    <textVersions>
      <item>
        <type>Reported to Senate</type>
        <date>2025-03-18T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-119s875rs/xml/BILLS-119s875rs.xml</url>
          </item>
        </formats>
      </item>
      <item>
        <type>Introduced in Senate</type>
        <date>2025-03-06T05:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-119s875is/xml/BILLS-119s875is.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2025-03-18</actionDate>
      <text>Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.</text>
    </latestAction>
  </bill>
  <dublinCore xmlns:dc="http://purl.org/dc/elements/1.1/">
    <dc:format>text/xml</dc:format>
    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
  </dublinCore>
</billStatus>
