CONGRESS FOR VOTERS

RepublicanBill · S. 3830· Senate(119-S-3830)

TRUST Act of 2026

Rep. Budd
Age: 55 years
North Carolina
Introduced
2/11/2026
Last activity
2/11/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Ted Budd
Cosponsors
Republican - 3Democrat - 3
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "TRUST Act of 2026," proposes changes to the Federal Deposit Insurance Act. It aims to modify the thresholds used for banking examinations. Specifically, it would allow Federal banking agencies to examine certain insured depository institutions with up to $6,000,000,000 in total assets at least once every 18 months. This is an increase from the previous $3,000,000,000 threshold.

Yes

  • Is this likely to create jobs?+1

    Reducing the frequency of federal banking examinations may reduce regulatory overhead for mid-sized banks.

  • Does this make it easier to run a small business?+1

    By increasing the asset threshold for regular examinations, the bill reduces the regulatory burden on banks with assets up to $6 billion.

  • Would business owners be better off under this?+1

    The bill benefits owners of banks with assets between $3 billion and $6 billion by allowing less frequent mandatory federal examinations.

The opposite

  • Does this make what the government does easier for the public to see?-1

    Extending the time between federal banking examinations may reduce the frequency of government oversight and reporting.