The record

LegislationLegislation· May 2026
HR 4478 Passed House — in Senate

Sponsored by Tim Moore (R)

TRUST Act of 2025

Lets well-run banks with up to $6 billion in assets skip some federal safety exams.

Tradeoff

Reduces regulatory burden on mid-sized banks deemed well-capitalized and well-managed. Assumes these institutions pose lower supervisory risk and can go longer between exams.

What's in it

See official bill text

Passed the House by on May 12, 2026 — sitting in the Senate.

  1. House

    Introduced

    (Jul 17, 2025)

  2. House

    Committee on Financial Services(Jul 17, 2025)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 48 - 0(Jul 23, 2025)

    Committee report H. Rept. 119-252.

  4. House

    Passage of the bill

    Passed by (May 12, 2026)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(May 13, 2026)