REVIEW Act of 2025
Summary
The REVIEW Act of 2025 would amend existing law to require federal financial regulators to conduct internal reviews of their banking and financial regulations more frequently. Currently, regulators review regulations every ten years. This bill would accelerate that timeline to every seven years. During these reviews, regulators would assess how their cumulative regulations affect the availability of financial products and services, credit availability, and financial market liquidity. The bill applies to four major federal banking agencies: the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the National Credit Union Administration. The goal is to increase regulatory accountability by requiring agencies to justify existing rules and determine whether they remain proportionate to their economic costs. If enacted, the bill would not change existing regulations directly but would create a more frequent process for regulators to evaluate whether their rules should be modified or eliminated.
