Bank regulators would face new reporting rules on global finance groups
Placed on the calendarH.R. 6550Latest action
Sponsor: Barry Loudermilk · Representative · GA
AIDecoded by AI · checked against the recordRead the official text
Official title: American FIRST Act of 2025
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Bill would force U.S. bank regulators to give Congress detailed yearly reports on international financial group activities.
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What does this do?
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.
Who does it affect?
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.
Why does it matter?
The bill increases transparency and of how international rule-making shapes U.S. banking policy, without directly changing banking rules, fees, or requirements for consumers or institutions.
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Where does it stand?
- IntroducedDec 10, 2025
- House committee
- House voteYou are here · Feb 25, 2026
- Senate
- The president's desk
Right now: it was placed on the , 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.