H.R. 6544 · On the floor · Finance and Financial Sector

REVIEW Act of 2025

Sponsor: William R. Timmons IV (R-SC)

What it does

• Decrease the frequency of required regulatory reviews of insured depository institutions from every 10 years to every 7 years.
• Expand regulatory reviews to include assessment of cumulative impacts on access to financial products and services, credit availability, and market liquidity.
• Require reviews to evaluate costs and benefits of regulations with respect to financial safety and soundness and overall economic activity.
• Codify the National Credit Union Administration's participation in the federal financial regulatory review process.

Official summary

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 Currently, these regulatory reviews must occur every 10 years to identify outdated or unnecessary regulations imposed on insured depository institutions.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.

Latest action

Feb 25, 2026: Placed on the Union Calendar, Calendar No. 452.

Committee: House Financial Services