Bills · HR 3379
REPORTED· 119TH CONGRESS
House BillHR 3379Financial crises and stabilizationCorporate finance and management
HUMPS Act of 2025
INTRO MAY 14· LAST ACTION JUN 25
READING
4MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Reported, not passed
LEGISLATIVE PROGRESS
STEP 3 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it aims to make the financial system safer and more reliable. How banks are rated directly impacts their stability, how much they pay for deposit insurance, and even decisions about bank mergers. If these ratings are more consistent and based on objective facts, it could lead to fairer treatment for banks, potentially reducing unexpected failures or issues that could impact depositors and the broader economy.
If this bill becomes law, the way federal agencies oversee banks will become more structured and less dependent on individual judgment. This could build greater public trust in the financial system by ensuring that all banks are evaluated by the same clear standards. If it doesn't become law, the current system, which the bill identifies as potentially subjective and inconsistent, would continue, potentially leading to varied regulatory outcomes for similar financial institutions.
KEY PROVISIONS
5AI-extractedPROVISION 01
Requires the Federal Financial Institutions Examination Council (FFIEC) to recommend updates to the CAMELS rating system.
This initiates the process of reforming how banks are assessed, aiming for more consistent and fair evaluations.
PROVISION 02
Establishes clear and objective criteria for assessing each CAMELS component and revising factors for composite ratings.
This aims to reduce subjectivity in bank ratings, ensuring evaluations are based on measurable data rather than examiner discretion.
PROVISION 03
Either eliminates the 'Management' component or limits its assessment to objective measures of governance and controls.
This directly addresses a core area of subjectivity in current ratings, striving for a more data-driven evaluation of bank leadership.
PROVISION 04
Ensures composite ratings consider compliance with anti-money laundering and anti-terrorist financing requirements.
This emphasizes the importance of a bank's adherence to crucial financial security regulations in its overall assessment.
PROVISION 05
Requires federal financial institutions regulatory agencies to issue new rules based on FFIEC recommendations within 12 months, following a 90-day public comment period.
This sets a timeline for implementing the reforms and ensures public input in the rulemaking process.
SPONSORSHIP
1 + 0
R· Wisconsin
YRS IN OFFICE
5
BILLS LED
32
ACTION TIMELINE
6 EVENTSJUN 25
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-170.
JUN 25
Placed on the Union Calendar, Calendar No. 136.
MAY 21
Committee Consideration and Mark-up Session Held
MAY 21
Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 23.
BILL INFO
TypeHouse Bill
NumberHR 3379
Congress119th
StatusReported
IntroducedMay 14, 2025
Last actionJun 25, 2025
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REPORTED· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED MAY 14, 2025
House BillHR 3379Financial crises and stabilizationCorporate finance and management
HUMPS Act of 2025
INTRODUCED MAY 14, 2025· LAST ACTION JUN 25, 2025
PASSAGE CHANCES
—%
READING
4 min
COSPONSORS
0
COMPLEXITY
Moderate
