TRUST Act of 2026
Sponsored By: Senator Budd, Ted [R-NC]
Introduced
Summary
Raises the asset cutoff for less-frequent federal bank exams to $6 billion. This bill would let well-managed insured depository institutions with total assets under $6 billion be examined not less than once every 18 months, expanding the group eligible for that supervisory cycle.
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- Banks: Well-managed insured depository institutions with assets between $3 billion and $6 billion would now qualify for an at-least-once-every-18-month examination cadence.
- Regulators: Federal banking agencies could apply the 18-month cycle to a larger set of small, well-managed institutions, allowing supervisory testing to be tailored to that group.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
More frequent exams for mid-size banks
This bill would raise the asset cutoff that determines which "well-managed" insured banks are on the 18-month exam cycle from $3 billion to $6 billion. If enacted, insured depository institutions labeled "well-managed" with between $3 billion and $6 billion in total assets would be examined at least once every 18 months. This would increase the number of mid-size banks facing that exam schedule and would likely raise compliance and supervisory costs for those banks. The change would take effect upon enactment.
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
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov