Bill · H.R. 6550· House(119-HR-6550)
American FIRST Act of 2025
- Introduced
- 12/10/2025
- Last activity
- 2/25/2026 — Placed on the Union Calendar, Calendar No. 454.
- Sponsored by
- Barry Loudermilk
- Cosponsors
- - 6 - 0
- Introduced
- On Calendar
What this bill would do
The American Financial Institution Regulatory Sovereignty and Transparency Act of 2025 requires federal banking supervisory agencies to provide annual reports regarding their interactions with global financial regulatory or supervisory forums. These agencies include the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. The reports must detail membership, organizational structures, and the specific positions taken by agency representatives at these forums. Additionally, agencies must disclose any intended changes to federal statutes or regulations resulting from forum policies. The bill also mandates biannual congressional testimony regarding these interactions.
Yes· 3 of 8
Does this make what the government does easier for the public to see?+7
The bill mandates detailed annual reports and congressional testimony regarding agency interactions with global financial forums.
Does this make the government pay for what it commits to?+3
The bill requires economic impact analyses to ensure costs for implementing global forum agreements are offset by benefits.
Does this give people more protection from unfair business practices?+2
Increased transparency in banking supervision may lead to better protection of consumer financial interests.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency: The bill requires agencies to provide a description of the positions taken by their representatives, the rationale behind them, and the potential impacts of those positions (Section 2(a)(3)(B)(vi) and Section 2(b)(2)(A)(F)).
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Financial Accountability: Agencies must include an economic impact analysis for actions taken to implement forum agreements, including a justification that the expected costs are offset by benefits to the economy, national security, or financial stability (Section 2(a)(3)(B)(x) and Section 2(b)(2)(A)(J)).
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Public Oversight of Global Forums: The act requires disclosure of the general purposes of global forums, their current members and observers, and the sources providing material funding for their operations (Section 2(a)(3)(B)(ii) and Section 2(b)(2)(A)).
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Detailed Policy Tracking: The bill requires the inclusion of the text of any final policies, standards, or recommendations adopted by these global forums (Section 2(a)(3)(B)(viii) and Section 2(b)(2)(A)(H)).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly identified within the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+7
- Economy And Finance
- Improves Fiscal Responsibility+3Improves Consumer Protection+2
- Demographic And Interest Groups
- Good For Low Income Households+1Good For Middle Class Households+1Good For Urban Residents+1
- National Security And Foreign Policy
- Improves Diplomatic Engagement+2Improves Veterans Benefits+1
- 2/25/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-529.
- Placed on the Union Calendar, Calendar No. 454.
- 12/17/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 23.
- 1 Cosponsor added.
- 12/16/2025
- Committee Consideration and Mark-up Session Held
- 3 Cosponsors added.
- 12/10/2025
- Referred to the House Committee on Financial Services.
- 2 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Andy BarrRepublican · Kentucky
Warren DavidsonRepublican · Ohio
Mike FloodRepublican · Nebraska
Tim MooreRepublican · North Carolina
John RoseRepublican · Tennessee
Pete SessionsRepublican · Texas