Senator Tim Scott has introduced the Financial Integrity and Regulation Management Act (FIRM Act) aimed at reforming debanking practices, which he describes as discriminatory and un-American. The bill seeks to prevent federal regulators from using subjective measures like reputational risk to discriminate against individuals and businesses based on their political affiliations. This legislative effort comes in response to concerns over 'Chokepoint 2.0,' a controversial initiative that critics argue could adversely affect lawful businesses. Other Senate Republicans, including Senators Kevin Cramer and Katie Britt, have expressed support for the FIRM Act, emphasizing its importance in protecting access to financial services for all Americans and ensuring that banking supervision is based on quantifiable risk rather than political agendas.