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119th Congress
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HOUSEH.R. 6544· 119th Congress

Bill to Accelerate Federal Financial Regulatory Reviews and Expand Their Scope

REVIEW Act of 2025

Sponsor
William Timmons (R-SC)
Introduced
Dec 9, 2025
Last Action
Feb 25, 2026

Recorded legislative actions. Future votes are not implied.

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Introduced
Dec 9, 2025
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In Committee
Dec 9, 2025
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Passed Committee
Dec 17, 2025

AI-assisted analysis based on the official CRS summary. Source version: Apr 17, 2026. Analysis updated: Sep 20, 2026.

01 — The Text

What.

  • Reduces the mandatory review cycle for federal financial regulations from every 10 years to every 7 years
  • Expands regulatory reviews to include internal assessment of cumulative regulatory impacts on insured depository institutions
  • Requires reviews to evaluate effects on access to financial products and services, credit availability, and market liquidity
  • Requires reviews to assess costs and benefits with respect to financial safety, soundness, and overall economic activity
  • Codifies the National Credit Union Administration's participation in the regulatory review process
02 — The Stakes

So what?

  • The bill establishes no documented timeline or process for how agencies will conduct expanded reviews
  • Specific effects on regulatory outcomes, compliance costs, or financial institution behavior are not established in the summary
  • The summary does not indicate whether reviews will result in regulation changes or are advisory in nature
  • No documented impacts on consumers, credit access, or financial markets are provided
03 — The Path

Now what?

  • Bill was introduced in the House on December 9, 2025
  • Referred to House Committee on Financial Services on December 9, 2025
  • Committee markup sessions held December 16–17, 2025; ordered to be reported as amended by vote of 30–23
  • Reported as amended and placed on Union Calendar on February 25, 2026
Legislative History

Actions.

  • Feb 25, 2026 — Placed on the Union Calendar, Calendar No. 452.
  • Feb 25, 2026 — Reported (Amended) by the Committee on Financial Services. H. Rept. 119-527.
  • Feb 25, 2026 — Reported (Amended) by the Committee on Financial Services. H. Rept. 119-527.
  • Dec 17, 2025 — Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 23.
  • Dec 17, 2025 — Committee Consideration and Mark-up Session Held
  • Dec 16, 2025 — Committee Consideration and Mark-up Session Held
  • Dec 9, 2025 — Referred to the House Committee on Financial Services.
  • Dec 9, 2025 — Introduced in House