H.R. 940Heading to a voteJobs & the economy
Bill sets deadlines and appeals process for bank regulator exams
Data as of July 23, 2026
The FAIR Exams Act sets exam deadlines and creates an independent office for banks to appeal regulator findings.AI-decoded35-second read · 4 questions answered below
Decoded
AI-decodedWhat 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.
Where does it stand?
- Introduced
- House committee
- House vote — You are here
- Senate
- President's desk
Right now: it's headed for a House floor vote. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
FAIR Exams Act
- Introduced:
- February 4, 2025
- Latest action:
- July 25, 2025
Placed on the Union Calendar, Calendar No. 176.
Read the official bill on Congress.gov