H.R. 6544
REVIEW Act of 2025
Sponsor: William R. Timmons IV · 0 cosponsors
Official summary
Written by the Congressional Research Service.
Regulatory Efficiency, Verification, Itemization, and Enhanced Workflow Act of 2025 or the REVIEW Act of 2025
This bill increases the frequency and expands the scope of regulatory reviews conducted by federal financial agencies.
Currently, these regulatory reviews must occur every 10 years to identify outdated or unnecessary regulations imposed on insured depository institutions. The bill increases this frequency to every 7 years.
Additionally, the bill expands these reviews to include an internal review of the cumulative impacts of regulations, including an assessment regarding (1) access to financial products and services, (2) credit availability and market liquidity, and (3) costs and benefits of regulations with respect to financial safety and soundness and overall economic activity.
The bill also codifies the National Credit Union Administration’s inclusion in this review process.
Text of the bill
Where this section came from
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Dec 9, 2025 · Introduced in House Referred to House Committee on Financial Services, Dec 9
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Feb 25, 2026 · Reported in House Marked up by House Committee on Financial Services, Dec 16 Marked up by House Committee on Financial Services, Dec 17 Reported by House Committee on Financial Services, Feb 25 Committee members' individual votes aren't in our records.
… 2 unchanged passages …
(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
7
years; (
4
3
) in subsection (b)—
… 16 unchanged passages …
(
5
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
5
7
years; (
6
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;
… 7 unchanged passages …
(
7
6
) by adding at the end the following:
… 3 unchanged passages …
What is a markup?
A markup is a committee meeting where members go through a bill and vote on changes before sending it to the full chamber.
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).