H.R. 6544

119 HR 6544 IH: Regulatory Efficiency, Verification, Itemization, and Enhanced Workflow Act of 2025
 U.S. House of Representatives
 2025-12-09
 text/xml
 EN
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 I  119th CONGRESS  1st Session  H. R. 6544  IN THE HOUSE OF REPRESENTATIVES   December 9, 2025   Mr. Timmons  introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To require the Federal financial institutions regulatory agencies to review the cumulative impact of regulations issued by such agencies, and for other purposes.
1.
Short title
This Act may be cited as the   Regulatory Efficiency, Verification, Itemization, and Enhanced Workflow Act of 2025   or the   REVIEW Act of 2025  .
2.
Review of regulations
Section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 ( 12 U.S.C. 3311 ) is amended—
(1)
by striking  appropriate Federal banking agency  each place such term appears and inserting  Federal financial institutions regulatory agency ;
(2)
by striking  appropriate Federal banking agencies  each place such term appears and inserting  Federal financial institutions regulatory agencies ;
(3)
in subsection (a)—
(A)
by striking  represented on the Council ; and
(B)
by striking  once every 10 years  and inserting  once every 5 years ;
(4)
in subsection (b)—
(A)
by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B), respectively (and adjusting the margins accordingly);
(B)
by striking  In conducting  and inserting the following:
(1)
Solicitation of public comment
In conducting
 ; and
(C)
by adding at the end the following:
(2)
Internal review of cumulative impact
Each Federal financial institutions regulatory agency shall conduct an internal review of the cumulative impact of regulations issued by the Federal financial institutions regulatory agency that—
(A)
assesses the effects of such regulations on consumers’ access to financial products and services;
(B)
assesses the effects of such regulations on the availability of financial products and services to financial and nonfinancial firms;
(C)
assesses the impact of such regulations on credit availability and financial market liquidity in United States financial markets;
(D)
assesses the balance of benefits and costs of such regulations with respect to the safety and soundness of the United States financial system and overall economic activity in the United States;
(E)
to the extent practicable, quantifies the direct and indirect economic costs imposed by such regulations; and
(F)
includes recommendations to streamline, simplify, or eliminate duplicative, outdated, and unnecessarily burdensome regulations.
 ;
(5)
in subsection (c)—
(A)
by striking  subsection (b)(2)  and inserting  subsection (b)(1)(B), and the internal review under subsection (b)(2), ; and
(B)
by striking  once every 10 years  and inserting  once every 5 years ;
(6)
in subsection (e)—
(A)
in paragraph (1), by striking  and  at the end;
(B)
by redesignating paragraph (2) as paragraph (3);
(C)
by inserting after paragraph (1) the following:
(2)
a summary of the findings and determinations of each Federal financial institutions regulatory agency of the internal review conducted by the Federal financial institutions regulatory agency under subsection (b)(2); and
 ; and
(D)
in paragraph (3), as so redesignated, by striking  the regulatory burdens associated with such issues by regulation  and inserting  the regulatory burdens associated with the issues identified by public comments received by the Council and the Federal financial institutions regulatory agencies, as well as the regulatory burdens identified by each Federal financial institutions regulatory agency through the internal reviews conducted under subsection (b)(2), by regulation ; and
(7)
by adding at the end the following:
(f)
Federal financial institutions regulatory agency defined
The term  Federal financial institutions regulatory agency  has the meaning given that term in section 1003 of the Federal Financial Institutions Examination Council Act of 1978 ( 12 U.S.C. 3302 ).
 .