What This Bill Does · Plain English
Summary · Congress.gov
Tailored Regulatory Updates for Supervisory Testing Act of 2025 or the TRUST Act of 2025 This bill permits additional small insured depository institutions that are considered well-capitalized and well-managed (per their most recent examination) to qualify for less frequent examinations conducted by federal financial regulators. Specifically, the bill raises the maximum asset level that qualifies an institution for less frequent examinations from less than $3 billion to less than $6 billion.
Action Timeline
2025-09-08
Placed on the Union Calendar, Calendar No. 209.
2025-09-08
Reported by the Committee on Financial Services. H. Rept. 119-252.
2025-09-08
Reported by the Committee on Financial Services. H. Rept. 119-252.
2025-07-23
Ordered to be Reported by the Yeas and Nays: 48 - 0.
2025-07-23
Committee Consideration and Mark-up Session Held
2025-07-22
Committee Consideration and Mark-up Session Held
2025-07-17
Referred to the House Committee on Financial Services.
2025-07-17
Introduced in House
2025-07-17
Introduced in House
Frequently Asked Questions
Did HR.4478 pass?
HR.4478 is still alive. Current stage: PASSED_ONE. Pass likelihood: pending.
What does HR.4478 do?
Tailored Regulatory Updates for Supervisory Testing Act of 2025 or the TRUST Act of 2025 This bill permits additional small insured depository institutions that are considered well-capitalized and well-managed (per their most recent examination) to qualify for less frequent examinations conducted by federal financial regulators. Specifically, the bill raises the maximum asset level that qualifies an institution for less frequent examinations from less than $3 billion to less than $6 billion.
Who sponsored HR.4478?
HR.4478 was sponsored by Tim Moore (R-North Carolina).
Full Bill Text
119 HR 4478 RH: Tailored Regulatory Updates for Supervisory Testing Act of 2025 U.S. House of Representatives 2025-09-08 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB Union Calendar No. 209 119th CONGRESS 1st Session H. R. 4478 [Report No. 119–252] IN THE HOUSE OF REPRESENTATIVES July 17, 2025 Mr. Moore of North Carolina (for himself and Mr. Torres of New York ) introduced the following bill; which was referred to the Committee on Financial Services September 8, 2025 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To amend the Federal Deposit Insurance Act to permit Federal banking agencies to examine qualifying insured depository institutions with under $6 billion in total assets not less than once during each 18-month period, and for other purposes. 1. Short title This Act may be cited as the Tailored Regulatory Updates for Supervisory Testing Act of 2025 or the TRUST Act of 2025 . 2. Modification of examination cycle thresholds for well-managed institutions Section 10(d) of the Federal Deposit Insurance Act ( 12 U.S.C. 1820(d) ) is amended— (1) in paragraph (4)(A), by striking $3,000,000,000 and inserting $6,000,000,000 ; and (2) in paragraph (10), by striking $3,000,000,000 and inserting $6,000,000,000 . September 8, 2025 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed
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