Congress·Reported·H.R. 4478

Banking: Reducing Inspection Frequency for Small Banks

TRUST Act of 2025

Legislative Progress

House

Senate

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Law

The TRUST Act of 2025 changes how often the government inspects smaller banks. Currently, banks with more than $3 billion in assets usually get checked every year. This bill would raise that limit to $6 billion, allowing more banks to qualify for less frequent check-ins.
Under this plan, if a bank has less than $6 billion in total assets and is considered 'well-managed,' federal regulators would only have to perform a full inspection once every 18 months. This gives these banks an extra six months between deep dives into their records and operations.
The goal of the bill is to reduce the amount of time and money local and community banks spend on government paperwork. Supporters believe that if a bank is already proven to be safe and stable, the government does not need to audit them as often.
This change specifically affects 'insured depository institutions,' which are the typical banks where regular people keep their savings and checking accounts. It aims to let these smaller banks focus more on lending to their communities rather than preparing for frequent government visits.

4 milestones7 actions

Sep 8, 2025House

Placed on the Union Calendar, Calendar No. 209.

Sep 8, 2025House

Reported by the Committee on Financial Services. H. Rept. 119-252.

Jul 23, 2025House

Ordered to be Reported by the Yeas and Nays: 48 - 0.

Jul 23, 2025House

Committee Consideration and Mark-up Session Held

Jul 22, 2025House

Committee Consideration and Mark-up Session Held

1 bill

TRUST Act of 2026

Feb 11 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Document Type

Congressional Bill

Official Title

TRUST Act of 2025

Bill NumberHR 4478

Congress119th Congress

ChamberHouse of Representatives

Latest ActionPlaced on the Union Calendar, Calendar No. 209.

(1)

D: 1

Congress.gov

Official legislative information

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