Bill > HR6544

This bill, known as the "Regulatory Efficiency, Verification, Itemization, and Enhanced Workflow Act of 2025" (REVIEW Act of 2025), requires federal financial regulatory agencies to conduct more frequent and comprehensive reviews of their existing regulations. Specifically, the bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to mandate that these agencies perform internal reviews every 5 years (reduced from 10 years) to assess the cumulative impact of their regulations. The review must examine several key areas, including the effects on consumers' access to financial products, credit availability, financial market liquidity, and the overall economic impact. Agencies must quantify the economic costs of their regulations where possible and provide recommendations to streamline, simplify, or eliminate duplicative or unnecessary regulations. The bill also requires agencies to submit a report that includes a summary of their internal review findings, with a focus on identifying and addressing regulatory burdens. The term "Federal financial institutions regulatory agency" is defined by referencing an existing definition in the Federal Financial Institutions Examination Council Act of 1978, ensuring a clear and consistent interpretation of the agencies covered by this legislation.

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