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Financial Regulation Review: Easier Access to Credit and Simplified Rules.

This law requires federal financial regulatory agencies to review all their existing rules more frequently—every 5 years instead of every 10. The goal is to identify and eliminate regulations that unnecessarily restrict consumers' access to financial products, such as loans, or increase the cost of services. This aims to streamline the financial system and potentially improve credit availability for citizens.
Key points
Financial agencies must now assess the impact of their rules on consumers' access to credit and services every 5 years.
The review must include recommendations to simplify or eliminate outdated and overly burdensome regulations, potentially lowering banking costs and increasing market liquidity.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6544
Sponsor: Rep. Timmons, William R. [R-SC-4]
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

REVIEW Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6544.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What are the main provisions?

Key points include:

  • Financial agencies must now assess the impact of their rules on consumers' access to credit and services every 5 years.
  • The review must include recommendations to simplify or eliminate outdated and overly burdensome regulations, potentially lowering banking costs and increasing market liquidity.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Timmons, William R. [R-SC-4].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 23.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy