H.R. 6550Heading to a voteJobs & the economy
Bank regulators would face new reporting rules on global finance groups
Data as of July 11, 2026
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
Decoded
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 congressional oversight of how international rule-making shapes U.S. banking policy, without directly changing banking rules, fees, or requirements for consumers or institutions.
Where does it stand?
- Introduced
- House committee
- House vote — You are here
- Senate
- President's desk
Right now: it's headed for a House floor vote. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
American FIRST Act of 2025
- Introduced:
- December 10, 2025
- Latest action:
- February 25, 2026
Placed on the Union Calendar, Calendar No. 454.
Read the official bill on Congress.govMake the call
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