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H.R. 6544House119th Congress (2025-2027)In Committee

REVIEW Act of 2025

Sponsored by William R. Timmons IVRep. William R. Timmons IV (R-SC)
Introduced December 9, 2025

AI-Generated Summary

Updated February 26, 2026 at 7:42 AM UTC

The REVIEW Act of 2025 directs the federal agencies that oversee banks, credit unions, and other financial institutions to periodically assess the overall impact of the rules they issue. It shortens the review cycle to every seven years, requires agencies to consider how regulations affect consumers, firms, credit availability, market liquidity, and the safety of the financial system, and to quantify costs where possible. The agencies must also gather public comments, summarize their findings, and use those results to identify and eliminate outdated or overly burdensome rules.

Key Provisions

  • Amends the 1996 Economic Growth and Regulatory Paperwork Reduction Act to replace references to “appropriate Federal banking agency” with “Federal financial institutions regulatory agency.”
  • Changes the required review interval for agencies from once every 10 years to once every 7 years.
  • Requires each Federal financial institutions regulatory agency to conduct an internal review of the cumulative impact of its regulations, assessing effects on consumer access, firm availability of products, credit, market liquidity, safety and soundness of the financial system, and to quantify economic costs where practicable.
  • Adds a step for agencies to solicit public comment when conducting the review.
  • Mandates that agencies publish a summary of the internal review findings and include those findings when evaluating regulatory burdens in future rulemaking.
  • Provides a definition for “Federal financial institutions regulatory agency” referencing the 1978 Federal Financial Institutions Examination Council Act.

Legislative Activity

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6 earlier actions
HouseCalendars Latest Action

Placed on the Union Calendar, Calendar No. 452.

February 25, 2026

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HouseIntro Referral

Introduced in House

December 9, 2025

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

December 9, 2025

HouseCommittee

Committee Consideration and Mark-up Session Held

Financial Services Committee

December 16, 2025

HouseCommittee

Committee Consideration and Mark-up Session Held

Financial Services Committee

December 17, 2025

HouseCommittee

Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 23.

Financial Services Committee

December 17, 2025

HouseCommittee

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-527.

Financial Services Committee

February 25, 2026

HouseCalendars

Placed on the Union Calendar, Calendar No. 452.

February 25, 2026

Bill Text

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Reported in HouseIssued February 25, 2026

IB

Union Calendar No. 452

119th CONGRESS

2d Session

H. R. 6544

[Report No. 119–527]

IN THE HOUSE OF REPRESENTATIVES

December 9, 2025

Mr. Timmons introduced the following bill; which was referred to the Committee on Financial Services

February 25, 2026

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Strike out all after the enacting clause and insert the part printed in italic

For text of introduced bill, see copy of bill as introduced on December 9, 2025

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)

in subsection (a)—

(A)

by striking represented on the Council; and

(B)

by striking once every 10 years and inserting once every 7 years;

(3)

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.

;

(4)

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 7 years;

(5)

in subsection (e)—

(A)

in paragraph (1)—

(i)

by striking appropriate Federal banking agencies and inserting Federal financial institutions regulatory agencies; and

(ii)

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

(6)

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).

.

February 25, 2026

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed