What is the official ID of this bill?

The official print number for this legislation is HR 2702.

When did the legislative process begin?

The process officially started on 2025-04-08.

What is the specific legal status?

The current status is Placed on Calendar.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/119/bills/hr2702/BILLS-119hr2702rh.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

Who is the primary sponsor?

The primary sponsor is Rep. Barr, Andy [R-KY-6].

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 131.

Analysis and Potential Impact of HR 2702

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Ending Political Influence on Banks: Equal Access for All Businesses.

Q: What are the main provisions?

Key points include: Federal banking agencies can no longer deny services based on "reputational risk" or negative public opinion. All federally legal businesses and law-abiding citizens should have equal access to financial services, free from political discrimination. Banking supervision will focus solely on financial safety and soundness, eliminating subjective reputational assessments.

This new law aims to ensure that federal banks do not deny services to legal businesses and citizens due to negative public opinion or political pressure. This means access to financial services will be based solely on financial soundness, not subjective reputational assessments. As a result, every legal business and citizen should have equal opportunities to obtain banking services, regardless of political views.

Key points

Federal banking agencies can no longer deny services based on "reputational risk" or negative public opinion.

All federally legal businesses and law-abiding citizens should have equal access to financial services, free from political discrimination.

Banking supervision will focus solely on financial safety and soundness, eliminating subjective reputational assessments.

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Status:

Placed on Calendar

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Additional Information

FIRM Act

Print number: HR 2702

Sponsor: Rep. Barr, Andy [R-KY-6]

Process start date: 2025-04-08

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash

Source data: api.congress.gov

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