PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 00 · Introduced in House · Feb 4, 2025
Fair Audits and Inspections for Regulators’ Exams Act or the FAIR Exams Act
This bill establishes new procedures related to the federal examination of financial intuitions. Specifically, the bill establishes the Office of Independent Examination Review within the Federal Financial Institutions Examination Council to adjudicate appeals and investigate complaints from financial institutions concerning examination reports. Under the bill, financial institutions have the right to obtain an independent review of a material supervisory determination contained in a final report of examination. The bill sets forth provisions regarding hearings and final decisions.
The bill also sets deadlines for federal financial regulatory agencies to provide final examination reports and to perform exit interviews of a financial institution. In addition, the agency must list all materials relied upon in support of a material supervisory determination upon the request of the financial institution.
People & committees
Rep. Hill, J. French [R-AR-2] · R–AR
Legislative record
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Placed on the Union Calendar, Calendar No. 176.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-216.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-216.
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Sep 19, 2026. Consult Congress.gov for the current record.
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