Senate Banking Committee seeks ATMIA support for FIRM Act

Just weeks prior to ATMIA’s 2025 Washington DC Fly-in, Senator Tim Scott and the Senate Banking Committee reached out to request ATMIA’s support for the FIRM (Financial Integrity and Regulation Management) Act, which was about to be introduced. And that support was eagerly given. The FIRM Act seeks to finally put an end to the use of reputational risk as a measure in determining the creditworthiness of ATM operators and other cash-intensive businesses.

Following the bill’s introduction on March 6th, ATMIA’s Fly-in participants were also invited to meet with Committee members and legal counsel to further discuss the measure. Revised language in the FFIEC Bank Examination Manual, as well as statements by the OCC and FinCEN have had little to no impact on these circumstances. It is hoped that this bill will succeed where these other measures have failed.

ATMIA encourages all members to reach out to their Senators to express support for the FIRM Act, S.875. Current co-sponsors include:

Sen. Crapo, Mike [R-ID]

Sen. Rounds, Mike [R-SD]

Sen. Tillis, Thomas [R-NC]                

Sen. Kennedy, John [R-LA]                    

Sen. Hagerty, Bill [R-TN]                         

Sen. Lummis, Cynthia M. [R-WY]          

Sen. Britt, Katie Boyd [R-AL]                    

Sen. Ricketts, Pete [R-NE]                       

Sen. Cramer, Kevin [R-ND]                      

Sen. Moreno, Bernie [R-OH]                   

Sen. McCormick, David [R-PA]             

Sen. Banks, Jim [R-IN]