REVIEW Act of 2025

This bill amends a 1996 law to require federal financial regulatory agencies (like the Fed, FDIC, and OCC) to review regulations every 5 years instead of every 10 years. It adds a new requirement for agencies to conduct an internal review assessing how regulations impact consumers' access to financial products, business availability of services, credit access, and overall economic costs. Agencies must quantify regulatory costs and recommend eliminating outdated, duplicative, or unnecessarily burdensome rules. The bill directly affects federal financial regulators by mandating these comprehensive, regular assessments of regulatory impact. It aims to streamline the regulatory process through structured, evidence-based reviews.