REVIEW Act of 2025
REVIEW Act of 2025
Plain Language Summary
# REVIEW Act of 2025 - Summary **What the Bill Does:** The REVIEW Act of 2025 (HR 6544) would establish new congressional oversight mechanisms for banking and financial institutions regulation. While the specific provisions aren't detailed in the available information, the bill's subjects indicate it would affect how federal agencies regulate banks, credit markets, and financial services, and would likely require additional government studies or investigations into these areas. The bill would also impact how financial information is archived and made available. **Who It Affects:** This legislation would primarily affect banks and other financial institutions subject to federal regulation, as well as Congress itself (which would gain oversight tools).
Indirectly, it could impact consumers and businesses that use financial services, depending on what specific regulatory changes result from the oversight mechanisms. **Current Status:** The bill is currently in committee, meaning it has been introduced but hasn't yet advanced to a full floor vote in the House. It was sponsored by Representative William Timmons (R-SC). At this early stage, the bill has not been passed and may not advance further. *Note: More detailed provisions would be available in the full legislative text.*.
Latest Action
Placed on the Union Calendar, Calendar No. 452.