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119-s-3830119th CongressWALLET

TRUST Act of 2026

Sponsored By: Senator Budd, Ted [R-NC]

Introduced

Summary

Raises the asset threshold for well-managed institutions to $6 billion so more banks can qualify for an 18-month FDIC examination cycle. The TRUST Act of 2026 would amend two provisions of the Federal Deposit Insurance Act to replace the current $3 billion asset cap with $6 billion. As a result, insured depository institutions with assets between $3 billion and $6 billion that are classified as well-managed would become eligible for an examination cycle of not less than once every 18 months.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Less-frequent bank exams for midsize banks

This bill would raise the bank asset cutoff used for a relaxed exam schedule from $3 billion to $6 billion. If enacted, insured banks that are rated "well-managed" and have between $3 billion and $6 billion in assets would become eligible for exams no less often than once every 18 months. Those banks would likely face lower compliance and inspection costs. Customers could see only small, indirect effects such as minor changes to fees or services.

Sponsors & CoSponsors

Sponsor

Budd, Ted [R-NC]

NC • R

Cosponsors

  • Sen. Kim, Andy [D-NJ]

    NJ • D

    Sponsored 2/11/2026

  • Sen. Kennedy, John [R-LA]

    LA • R

    Sponsored 2/11/2026

  • Sen. Alsobrooks, Angela D. [D-MD]

    MD • D

    Sponsored 2/11/2026

  • Sen. Ricketts, Pete [R-NE]

    NE • R

    Sponsored 3/25/2026

  • Sen. Warnock, Raphael G. [D-GA]

    GA • D

    Sponsored 3/25/2026

  • Sen. McCormick, David [R-PA]

    PA • R

    Sponsored 8/4/2026

Roll Call Votes

No roll call votes available for this bill.

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