Rep. Meuser Speaks In Favor Of The Financial Integrity and Regulation Management (FIRM) Act

Today in the Financial Services Committee, I spoke in support of H.R. 2702—the Financial Integrity and Regulation Management (FIRM) Act.

This bill is a direct response to Biden regulators’ politically motivated de-banking of legal industries—like crypto firms, energy producers, and firearm manufacturers—under the guise of “reputational risk.” That term appears nowhere in U.S. law, yet it’s been used to deny banking services based on ideology.

The FIRM Act removes this loophole and restores neutral, rules-based banking regulation—so lawful businesses aren’t punished for falling out of political favor.