# 119-s-3830: TRUST Act of 2026

119-s-3830, TRUST Act of 2026, is a 119th Congress bill sponsored by Sen. Budd, Ted [R-NC] (R-NC); status introduced; PRIA reads it as touching household money (as of 2026-10-07).

- Canonical: https://policyrisk.com/legislation/119-s-3830
- As of: 2026-10-07
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3830
- Congress: 119
- Title: TRUST Act of 2026
- Status: introduced
- Introduced: 2026-02-11
- Sponsor: Sen. Budd, Ted [R-NC] (R-NC)
- Cosponsors: 6
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-07

## 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.

## Cosponsors (6)

- Sen. Kim, Andy [D-NJ] (D-NJ), 2026-02-11T00:00:00.000Z
- Sen. Kennedy, John [R-LA] (R-LA), 2026-02-11T00:00:00.000Z
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD), 2026-02-11T00:00:00.000Z
- Sen. Ricketts, Pete [R-NE] (R-NE), 2026-03-25T00:00:00.000Z
- Sen. Warnock, Raphael G. [D-GA] (D-GA), 2026-03-25T00:00:00.000Z
- Sen. McCormick, David [R-PA] (R-PA), 2026-08-04T00:00:00.000Z

## Provisions PRIA read

- Less-frequent bank exams for midsize banks: benefit, medium. 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 ban…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025
- 119-s-1261: CONNECT for Health Act of 2025
- 119-s-1289: 25th Anniversary of 9/11 Commemorative Coin Act
- 119-s-4395: Terrorism Risk Insurance Program Reauthorization Act of 2026

## Sources
- [119-s-3830 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3830)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-s-1816)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [119-s-1289: 25th Anniversary of 9/11 Commemorative Coin Act](https://policyrisk.com/legislation/119-s-1289)
- [119-s-4395: Terrorism Risk Insurance Program Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-4395)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3830 (as of 2026-10-07).