Bill > HR6544

This bill, known as the REVIEW Act of 2025, mandates that federal financial institutions regulatory agencies, which are government bodies that oversee banks and other financial companies, conduct more frequent and thorough reviews of their regulations. Specifically, these agencies will now have to review the cumulative impact of their regulations every seven years instead of every ten years, and this review must include an internal assessment of how these rules affect consumers' access to financial products, the availability of financial services to businesses, credit availability, financial market liquidity, and the overall balance of costs and benefits to the U.S. financial system and economy. The agencies are also required to quantify, where possible, the direct and indirect economic costs of these regulations and to make recommendations for simplifying, streamlining, or eliminating outdated or overly burdensome rules. Additionally, the bill requires these agencies to solicit and consider public comments on their regulations and to include summaries of their internal review findings in reports.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/6544/all-info