Bill sets deadlines and appeals process for bank regulator exams
Placed on the calendarH.R. 940Latest action
Sponsor: J. French Hill · Representative · AR
AIDecoded by AI · checked against the recordRead the official text
Official title: FAIR Exams Act
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.
The FAIR Exams Act sets exam deadlines and creates an independent office for banks to appeal regulator findings.
35-second read · 4 questions answered below
What does this do?
HR 940 requires bank regulators to finish exit interviews within 9 months of starting an exam and issue final reports within 60 days after. It creates an Office of Examination Review to handle complaints, oversee consistency, and run appeals, including hearings before an administrative judge, and bars retaliation against banks that appeal.
Who does it affect?
Affects banks, credit unions, and regulators including the FDIC, Federal Reserve, OCC, and CFPB.
Why does it matter?
The changes could alter how quickly and predictably exams are resolved, potentially affecting compliance costs and how bank-regulator disputes are settled, though it does not directly change consumer-facing rules.
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?
- IntroducedFeb 4, 2025
- House committee
- House voteYou are here · Jul 25, 2025
- 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. 176.