FAIR Exams Act

Summary

Fair Audits and Inspections for Regulators’ Exams Act or the FAIR Exams Act This bill establishes new procedures related to the federal examination of financial intuitions. Specifically, the bill establishes the Office of Independent Examination Review within the Federal Financial Institutions Examination Council to adjudicate appeals and investigate complaints from financial institutions concerning examination reports. Under the bill, financial institutions have the right to obtain an independent review of a material supervisory determination contained in a final report of examination. The bill sets forth provisions regarding hearings and final decisions.  The bill also sets deadlines for federal financial regulatory agencies to provide final examination reports and to perform exit interviews of a financial institution. In addition, the agency must list all materials relied upon in support of a material supervisory determination upon the request of the financial institution.

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Timeline

1. 4 February 2025

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 4 February 2025

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 February 2025

   Introduced

   Introduced in House

   Source: IntroReferral

4. 21 May 2025

   Vote

   Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.

   Source: Committee

5. 21 May 2025

   Committee

   Committee Consideration and Mark-up Session Held

   Source: Committee

6. 25 July 2025

   Calendars

   Placed on the Union Calendar, Calendar No. 176.

   Source: Calendars

7. 25 July 2025

   Reported

   Reported (Amended) by the Committee on Financial Services. H. Rept. 119-216.

   Source: Committee

8. 25 July 2025

   Reported

   Reported (Amended) by the Committee on Financial Services. H. Rept. 119-216.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Reported in House

  Reported in House · EN · 25 July 2025

  DownloadOpen at official source

• Introduced in House

  Introduced in House · EN · 4 February 2025

  DownloadOpen at official source

• Introduced in House

  summary · EN · 4 February 2025

  Open at official source

Sponsors

• Rep. Hill, J. French [R-AR-2] · R · Sponsor
• Rep. Meuser, Daniel [R-PA-9] · R · Sponsor
• Ann Wagner · R · Sponsor
• Rep. Huizenga, Bill [R-MI-4] · R · Sponsor
• William Timmons · R · Sponsor
• Tim Moore · R · Sponsor
• Roger Williams · R · Sponsor
• Mike Haridopolos · R · Cosponsor
• Pete Sessions · R · Cosponsor
• David Scott · D · Cosponsor
• Cleo Fields · D · Cosponsor
• · hsba00 · Standing

Related records

• related to ← Main Street Capital Access Act