Bank Regulators: Annual Reports on Work With Global Financial Groups
Also known as: American FIRST Act of 2025
Legislative Progress
✓ Filed
Review
House
Senate
President
Key Points
Requires the Federal Reserve, the Comptroller of the Currency, and the FDIC to file yearly reports to Congress about their work with certain global financial groups.
The reports must name which global groups they joined, what those groups do, who belongs to them, and who funds them.
Regulators must explain what positions they took in these global meetings, what came out of the meetings, and share the text (or public links) of final standards these groups adopted.
If global standards could lead to changes in U.S. banking rules or supervision, the agencies must explain what changes they expect and why the benefits outweigh the costs.
Adds a requirement for regular congressional testimony that also covers these global financial interactions, giving lawmakers more chances to question regulators.
EconomyConsumer ProtectionForeign Policy
Milestones
3 milestones7 actions
Feb 25, 2026House
Placed on the Union Calendar, Calendar No. 454.
Feb 25, 2026House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-529.
Dec 17, 2025House
Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 23.
Dec 17, 2025House
Committee Consideration and Mark-up Session Held
Dec 16, 2025House
Committee Consideration and Mark-up Session Held
Source Information
Document Type
Congressional Bill
Official Title
American FIRST Act of 2025
Bill NumberHR 6550
Congress119th Congress
ChamberHouse of Representatives
Latest ActionPlaced on the Union Calendar, Calendar No. 454.
Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.