TRUST Act of 2025
- Bill Number
- H.R. 4478
- Origin Chamber
- House
- Congress
- 119th Congress, Session 2
- Policy Area
- Finance and Financial Sector
- Status
- Passed House
- Latest Action
- 2026-05-13: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Last Updated
- 2026-05-15T03:08:24Z
AI-Generated Summary
Summary of H.R. 4478 - TRUST Act of 2025
Purpose
This legislation aims to reduce the frequency of regulatory examinations for certain smaller insured depository institutions by raising the asset threshold that qualifies them for an 18-month examination cycle, allowing federal banking agencies to focus resources on larger institutions.
Key Provisions
- Amends Section 10(d) of the Federal Deposit Insurance Act to increase the total asset limit from $3 billion to $6 billion for well-managed institutions eligible for examinations no less than once every 18 months.
- Applies this change to both the general threshold in paragraph (4)(A) and the specific provision in paragraph (10).
- The bill does not alter other examination requirements or standards for institutions exceeding the new threshold.
Significant Changes to Existing Law
- Raises the asset threshold for less frequent examinations from $3,000,000,000 to $6,000,000,000.
- This modification expands the group of institutions that can be examined on an 18-month cycle rather than the standard 12-month cycle.
Potential Impacts
- Government agencies, such as the Federal Deposit Insurance Corporation and other federal banking regulators, may allocate supervisory resources more efficiently by examining fewer smaller institutions annually.
- Citizens and businesses served by qualifying institutions could see indirect benefits from reduced compliance costs, though no direct changes to consumer protections are included.
- No significant effects on international relations are outlined in the legislation.
Main Stakeholders Affected
- Insured depository institutions with total assets under $6 billion that meet well-managed criteria.
- Federal banking agencies responsible for conducting examinations.
- Depositors and customers of the affected institutions.
Notable Legal, Constitutional, or Political Implications
- The bill operates within Congress's authority to adjust regulatory thresholds under existing banking statutes, with no apparent constitutional conflicts.
- It represents a targeted adjustment to supervisory practices without introducing new mandates or restrictions.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Cosponsors (1)
Rep. Torres, Ritchie [D-NY-15]
Recent Actions
- 2026-05-13: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2026-05-12: Motion to reconsider laid on the table Agreed to without objection.
- 2026-05-12: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3358)
- 2026-05-12: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3358)
- 2026-05-12: DEBATE - The House proceeded with forty minutes of debate on H.R. 4478.
- 2026-05-12: Considered under suspension of the rules. (consideration: CR H3357-3359)
- 2026-05-12: Mr. Hill (AR) moved to suspend the rules and pass the bill.
- 2025-09-08: Placed on the Union Calendar, Calendar No. 209.
- 2025-09-08: Reported by the Committee on Financial Services. H. Rept. 119-252.
- 2025-09-08: Reported by the Committee on Financial Services. H. Rept. 119-252.
- 2025-07-23: Ordered to be Reported by the Yeas and Nays: 48 - 0.
- 2025-07-23: Committee Consideration and Mark-up Session Held
- 2025-07-22: Committee Consideration and Mark-up Session Held
- 2025-07-17: Referred to the House Committee on Financial Services.
- 2025-07-17: Introduced in House
Bill Versions
- Tailored Regulatory Updates for Supervisory Testing Act of 2025 — issued 2026-05-12 — PDF (4 pages)
- Tailored Regulatory Updates for Supervisory Testing Act of 2025 — issued 2025-07-17 — PDF (2 pages)
- Tailored Regulatory Updates for Supervisory Testing Act of 2025 — issued 2026-05-13 — PDF (2 pages)
- Tailored Regulatory Updates for Supervisory Testing Act of 2025 — issued 2025-09-08 — PDF (4 pages)