Bill would double frequency of bank regulation reviews to every 5 years
Placed on the calendarH.R. 6544Latest action
Sponsor: William R. Timmons IV · Representative · SC
AIDecoded by AI · checked against the recordRead the official text
Official title: REVIEW Act of 2025
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
The plain-language version comes first. The official text is always the reference.
HR 6544 would require financial regulators to review their rules every 5 years instead of 10, with added internal analysis.
40-second read · 4 questions answered below
What does this do?
HR 6544 shortens the required review cycle for federal financial rules from once every 10 years to once every 5 years. It also expands coverage from "banking agencies" to the broader "financial institutions regulatory agencies" and adds a new internal review requirement covering consumer access, credit availability, market liquidity, and cost-benefit analysis, with findings summarized for Congress.
Who does it affect?
The bill applies to federal agencies regulating banks and financial institutions, such as the Federal Reserve and FDIC. It indirectly affects consumers, businesses, and financial companies that deal with the resulting regulatory compliance changes.
Why does it matter?
More frequent and expanded reviews could lead to changes in existing financial regulations, affecting compliance requirements for banks and potentially access to credit and financial products for consumers and businesses.
AI-drafted summary. Check it against the official text before you act on it.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedDec 9, 2025
- House committee
- House voteYou are here · Feb 25, 2026
- Senate
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Placed on the Union Calendar, Calendar No. 452.