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Congressional Daily Record
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May 12, 2026
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Download official House Record PDFReturn to issue contextMr. HILL of Arkansas. Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 4478) to amend the Federal Deposit Insurance Act to permit Federal banking agencies to examine
qualifying insured depository institutions with under $6 billion in total assets not less than once during each 18-month period, and for other purposes.
The Clerk read the title of the bill.
The text of the bill is as follows:
H.R. 4478
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Tailored Regulatory Updates
for Supervisory Testing Act of 2025” or the “TRUST Act of
2025”.
SEC. 2. MODIFICATION OF EXAMINATION CYCLE THRESHOLDS FOR
WELL-MANAGED INSTITUTIONS.
Section 10(d) of the Federal Deposit Insurance Act (12
U.S.C. 1820(d)) is amended—
(1) in paragraph (4)(A), by striking “$3,000,000,000” and
inserting “$6,000,000,000”; and
(2) in paragraph (10), by striking “$3,000,000,000” and
inserting “$6,000,000,000”.
The SPEAKER pro tempore. Pursuant to the rule, the gentleman from Arkansas (Mr. Hill) and the gentlewoman from California (Ms. Waters) each will control 20 minutes.
The Chair recognizes the gentleman from Arkansas.
General Leave
Mr. HILL of Arkansas. Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days to revise and extend their remarks and include extraneous material on this bill.
The SPEAKER pro tempore. Is there objection to the request of the gentleman from Arkansas?
There was no objection.
Mr. HILL of Arkansas. Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, I rise in support of the bill introduced by the gentleman from North Carolina (Mr. Moore), H.R. 4478, the TRUST Act.
lack of demand for loans. It is the growing weight of compliance costs and administrative burden that has steadily increased over time— dramatically in the years since the global financial crisis.
providing capital to help local farmers expand operations, support entrepreneurs, and allow families to meet their goals of building a house or doing a renovation.
take significant time and resources away from the customers and communities they are meant to serve. The TRUST Act recognizes that regulatory oversight should reflect the level of risk that an institution actually presents to its shareholders, its depositors, and the economy, obviously, at large.
This bill raises the threshold for the 18-month exam cycle from $3 billion to $6 billion for those institutions that are well capitalized and well managed under the definitions of Federal regulators.
inflation and economic growth from unnecessarily increasing burdens on our community institutions. By expanding access to an extended exam cycle, these well-managed community banks with a strong track record can focus more time and resources on lending and serving their customers rather than just being caught up in an endless cycle of repetitive paperwork.
Federal regulators retaining their full authority to examine institutions and ensure the safety and soundness of our banking system.
institutions, this bill allows community banks to better serve families, farmers, and small businesses that rely on them every single day.
Mr. Moore's TRUST Act is a targeted reform that promotes efficiency without sacrificing accountability and ensures that our regulatory framework keeps pace with the needs of our communities and the financial institutions that serve them.
Mr. Speaker, I urge all of my colleagues on both sides of the aisle to support Mr. Moore's bill, H.R. 4478, and I reserve the balance of my time.
Ms. WATERS. Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, I rise in support of H.R. 4478, the Tailored Regulatory Updates for Supervisory Testing Act of 2025, sponsored by the gentleman from North Carolina (Mr. Moore) and the gentleman from New York (Mr. Torres).
This bill raises the asset threshold from $3 billion to $6 billion for well-capitalized and well-managed banks to qualify for an 18-month examination cycle instead of a 12-month exam.
Act, this bill incentivizes community banks to manage their businesses well. If they do, they are able to get less frequent exams.
Congress last raised the threshold to $3 billion in 2018, which covered roughly 94 percent of banks. By raising the threshold to $6 billion today, we will update this threshold while covering roughly the same portion of banks.
Mr. Speaker, I urge my colleagues to support this bill, and I reserve the balance of my time.
Mr. HILL of Arkansas. Mr. Speaker, I yield 5 minutes to the gentleman from North Carolina (Mr. Moore), one of our newest members on the House Financial Services Committee and the former speaker of the statehouse of North Carolina. Mr. Moore is the author of this bill and has given great thought to how we advance the ability of our Main Street institutions to serve our customers.
Mr. MOORE of North Carolina. Mr. Speaker, I thank the chairman for yielding me time.
Mr. Speaker, I rise today in support of the bill, the Tailored Regulatory Updates for Supervisory Testing Act, otherwise known as the TRUST Act.
community banks are very often the only financial institution in so many of our small towns. These are the banks that are helping a young couple get approved for their first mortgage or sitting down with someone who wants to open a business to be able to extend that line of credit that they need to do so.
Our community bankers are involved in the community. They give back to charity, as they truly are a part of the community and a key part of our economy.
{time} 1550
under a regulatory system that just does not make sense. It is one- size-fits-all, and it really makes no sense to treat a small, rural community bank to the same exact regulatory and compliance standards as you do with the really super large banks that you have around the country. It is just not fair. They can't keep up with it, and it just causes ridiculous costs that don't make sense.
make sure they are operating safely and responsibly; something that is extremely important. We cannot cut down on oversight.
examinations every 18 months instead of 12 months, but the eligibility for that relief is tied to an outdated asset threshold that was set back in 2018 which has not been updated since then.
At that time, about 94 percent of community banks fell under the $3 billion threshold that allowed them to qualify for the longer examination cycle. Today, because of inflation and economic growth alone, it takes nearly $6 billion in assets to cover that same share of banks.
Let's call this what it is. These banks did not suddenly become reckless overnight or stop serving their communities responsibly. The only thing that changed was the economy grew, and Washington never bothered to modernize the rules.
frequent exam cycles simply because of an outdated number on paper that no longer reflects the reality.
Here is what happens. Every hour spent preparing paperwork for regulators is an hour not spent helping small businesses and helping individuals who need to get access to credit. What has to happen is this has to be updated. Congress can do this, and I believe they will do this today.
Passing the TRUST Act would update the threshold from $3 billion to $6 billion. What that would do is allow this law to reflect today's economy, and community banks will continue to qualify for the same regulatory relief that Congress originally intended.
soundness standards one bit. These institutions must still maintain strong ratings, be well-capitalized and operate without enforcement actions.
wonders, why is this important? Well, it is important because if you cut down on the amount of regulations, the amount of red tape, the amount of money that just goes into the bureaucracy to feed this, if you stop spending that money there, you have that money to put into small businesses and to provide money to working families, folks who need access to capital.
Ms. WATERS. Mr. Speaker, I yield myself the balance of my time.
financial institutions, or CDFIs, and minority depository institutions, or MDIs, provide access to loans for families to buy a home and for entrepreneurs to start a small business.
Mr. HILL of Arkansas. Mr. Speaker, I yield myself the balance of my time.
well as the bill that we discussed a few minutes ago by Mr. Timmons of South Carolina and Mr. Foster of Illinois. These bills speak to the heart of how to let a Main Street community bank under $6 billion that is well-managed and well-capitalized and let them do what they do best, which is grow their business, serve their customers, innovate new products, and serve those customers in the best way they know how. Maybe they can even grow their loan pipeline.
I can assure you, Mr. Speaker, having worked in an institution of that size, the number of personnel deviated from the tasks I just outlined about better customer service, growing your business, serving your community, attending the hospital board meeting, sponsoring the local little league, that is all put to the side when you are in one after another bank exam, which are frequently uncoordinated as in the case of Mr. Timmons' and Mr. Foster's bill, or again the benefit of having a predictable cycle, a tailored cycle based on the size of the institution, as the gentleman from North Carolina (Mr. Moore) proposes.
These have practical impacts every day for the American economy. A bank under $1 billion in size of assets, Mr. Speaker, probably has 100 to 150 employees. In any exam you are going to pull off, I would say, at least 10 percent of that total employment base with hours focused on exam prep, exam service, and exam follow-up.
from North Carolina (Mr. Moore) for speaking out on smaller financial institutions across this country to see the practical hands-on benefits of this strong bipartisan bill that he has brought to the House floor today.
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Additional
Effect on Direct Information on Direct Link to Published
Bill Number Title Spending Effect on Revenues Spending and Revenue Estimates
———————————————————————————————————————————————————————————————————————————— H.R. 4478.......................... TRUST Act............. Reduce by at Least Increase by at Least Would decrease net N/A
$500K. $500K. deficits by at least
tens of millions.. ———————————————————————————————————————————————————————————————————————————— Source: Congressional Budget Office.
Mr. HILL of Arkansas. Mr. Speaker, I yield back the balance of my time.
The SPEAKER pro tempore. The question is on the motion offered by the gentleman from Arkansas (Mr. Hill) that the House suspend the rules and pass the bill, H.R. 4478.
The question was taken; and (two-thirds being in the affirmative) the rules were suspended and the bill was passed.
A motion to reconsider was laid on the table.