Congress·Reported·H.R. 6550

American FIRST Act of 2025

Bank Regulators: Annual Reports on Work With Global Financial Groups

7 months ago·View on Congress.gov·Read full text

Part of: Legislative Push to Shift Regulatory Focus Toward Domestic Banking

Legislative Progress

House

Senate

President

Law

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

Impact Analysis

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Milestones

3 milestones7 actions

Feb 25, 2026House

Placed on the Union Calendar, Calendar No. 454.

The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.

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.

The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.

Dec 17, 2025House

Committee Consideration and Mark-up Session Held

Dec 16, 2025House

Committee Consideration and Mark-up Session Held

Votes

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News

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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.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(6)

R: 6

Analysis generated by AI. Always verify with official sources.