REVIEW Act of 2025
Banking Regulations: Frequent Impact Reviews
Legislative Progress
Key Points
- This bill, introduced by Representative Timmons, would require government agencies that oversee banks and money to check their rules more often. Instead of waiting 10 years to see if their regulations are still working, they would have to do a full review every 5 years.
- The goal is to see how all these rules added together affect regular people. Agencies would have to study if their regulations make it harder for families to get loans, credit cards, or other financial services they need for daily life.
- Agencies would also have to look at the price tag of their rules. They would need to figure out the costs to businesses and the economy and look for ways to get rid of rules that are repetitive, old, or just too complicated.
- By doing these reviews more often, the bill aims to keep the financial system safe while making sure the government isn't accidentally slowing down the economy with too much paperwork or outdated requirements.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Placed on the Union Calendar, Calendar No. 452.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-527.
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 23.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
Committee Consideration and Mark-up Session Held
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
REVIEW Act of 2025
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.