HR 940 · 119th CongressIn Committeecongress.gov ↗

FAIR Exams Act

What this bill does

AI plain-language summary

This bill creates new rules for how the government examines banks and other financial companies. It sets up a new office that banks can appeal to if they disagree with their examination reports. Banks would have the right to get an independent review of important decisions made during these exams. The bill also requires government agencies to finish examination reports by certain deadlines, hold exit interviews with the banks, and provide a list of materials they used to make their decisions when banks ask for it.

Introduced

February 4, 2025

Policy Area

Finance and Financial Sector

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