Senate bill · 119th Congress · Latest step: Committee action
FIRM Act
Official title: A bill to curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions.
Sponsor: Sen. Tim Scott R-SCWhere it went
- IntroducedMar 6, 2025
- Committee actionMar 13, 2025
- Passed Senate—
- Passed House—
- To the President—
- Became law—
Latest action: Mar 18, 2025 — Placed on Senate Legislative Calendar under General Orders. Calendar No. 32.
Cost and committee reports
Official records Congress.gov attaches to S. 875.
- CBO cost estimateThe Congressional Budget Office published “S. 875, the FIRM Act” on February 5, 2026. CBO’s description reads “As reported by the Senate Committee on Banking, Housing, and Urban Affairs on March 18, 2025”.Read the CBO estimate ↗Source: Congressional Budget Office, February 5, 2026 ↗
Evidence
- Field in the Congress.gov record
- cboCostEstimates
- CBO publication
- https://www.cbo.gov/publication/62084
- CBO publication date
- February 5, 2026
- Congress.gov bill record
- S. 875, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/s/875
- Record last updated by Congress.gov
- March 12, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
a95a00b46147175fba7e273316cfc0970bf8f3b49dcbb5d1487fac7d6cdf0b79
PORKER links to the estimate and does not repeat its dollar figures. Each estimate is for the version of the bill its description names; the bill may have changed since.
Congress.gov’s record for this bill does not list a committee report (as of March 12, 2026). Not every bill gets one.
From the Congress.gov bill record for S. 875, last updated March 12, 2026. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
12 cosponsors — 12 Republicans
0 of 12 cosponsors (0%) are from the other party.
Jim Banks (R-IN), Katie Britt (R-AL), Kevin Cramer (R-ND), Mike Crapo (R-ID), Bill Hagerty (R-TN), John Kennedy (R-LA), Cynthia Lummis (R-WY), David McCormick (R-PA), Bernie Moreno (R-OH), Pete Ricketts (R-NE), Mike Rounds (R-SD), Thomas Tillis (R-NC).
More from the sponsor
Other 119th Congress bills sponsored by Sen. Tim Scott.
- S.J.Res. 18 (119th) A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very…
- S.Res. 801 (119th) A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- S.Res. 238 (119th) A resolution congratulating the students, parents, teachers, and leaders of charter schools across the United States for making ongoing…
- S.Res. 764 (119th) A resolution congratulating the students, parents, teachers, and leaders of charter schools across the United States for making ongoing…
- S.Res. 940 (119th) A resolution expressing support for the designation of September 2026 as "Sickle Cell Disease Awareness Month" in order to educate…
- S.Res. 416 (119th) A resolution expressing support for the designation of September 2025 as "Sickle Cell Disease Awareness Month" in order to educate…
Related bills
- H.R. 2702 (119th) FIRM ActIdentical bill
- H.R. 6955 (119th) Main Street Capital Access ActRelated bill
Relationships as recorded by Congress.gov.
Sponsor’s state and district
Data as of Sep 13, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.