Loading…
H.R. 6550119th CongressPlaced on the calendarLatest action Feb 25, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
Bill would force U.S. bank regulators to give Congress detailed yearly reports on international financial group activities.
40-second read · 4 questions answered below
The American FIRST Act of 2025 requires U.S. banking regulators to submit detailed annual reports to Congress on their work with international financial organizations. Reports must cover funding sources, U.S. positions taken at meetings, new rules discussed or adopted, and potential effects on U.S. banks and the economy. Federal Reserve officials would also testify to Congress twice a year specifically on these international interactions.
Affects the Federal Reserve Board, the Office of the Comptroller of the Currency, and the FDIC, which regulate U.S. banks and coordinate with groups like the Bank for International Settlements, the Basel Committee, and the Financial Stability Board.
The bill increases transparency and congressional oversight of how international rule-making shapes U.S. banking policy, without directly changing banking rules, fees, or requirements for consumers or institutions.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the House floor calendar, and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Placed on the Union Calendar, Calendar No. 454.