Barry Loudermilk (R-GA)
American FIRST Act of 2025
A Republican bill with 6 Republican cosponsors · See all 6 cosponsors
Last activity — Placed on the Union Calendar, Calendar No. 454.
Cleared committee, waiting for its first floor vote
A committee approved it and it is on the calendar of the chamber it started in.
This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.
Its path through Congress
- Introduced
- On Calendar
What this bill would do
The American Financial Institution Regulatory Sovereignty and Transparency Act of 2025 requires federal banking supervisory agencies to provide annual reports regarding their interactions with global financial regulatory or supervisory forums. These agencies include the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. The reports must detail membership, organizational structures, and the specific positions taken by agency representatives at these forums. Additionally, agencies must disclose any intended changes to federal statutes or regulations resulting from forum policies. The bill also mandates biannual congressional testimony regarding these interactions.
Yes· 3 of 8
- Scored +7
Does this make what the government does easier for the public to see?
The bill mandates detailed annual reports and congressional testimony regarding agency interactions with global financial forums.
- Scored +3
Does this make the government pay for what it commits to?
The bill requires economic impact analyses to ensure costs for implementing global forum agreements are offset by benefits.
- Scored +2
Does this give people more protection from unfair business practices?
Increased transparency in banking supervision may lead to better protection of consumer financial interests.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency: The bill requires agencies to provide a description of the positions taken by their representatives, the rationale behind them, and the potential impacts of those positions (Section 2(a)(3)(B)(vi) and Section 2(b)(2)(A)(F)).
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Financial Accountability: Agencies must include an economic impact analysis for actions taken to implement forum agreements, including a justification that the expected costs are offset by benefits to the economy, national security, or financial stability (Section 2(a)(3)(B)(x) and Section 2(b)(2)(A)(J)).
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Public Oversight of Global Forums: The act requires disclosure of the general purposes of global forums, their current members and observers, and the sources providing material funding for their operations (Section 2(a)(3)(B)(ii) and Section 2(b)(2)(A)).
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Detailed Policy Tracking: The bill requires the inclusion of the text of any final policies, standards, or recommendations adopted by these global forums (Section 2(a)(3)(B)(viii) and Section 2(b)(2)(A)(H)).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly identified within the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill mandates detailed annual reports and congressional testimony regarding agency interactions with global financial forums.
- Economy And Finance
- Does this make the government pay for what it commits to? — The bill requires economic impact analyses to ensure costs for implementing global forum agreements are offset by benefits. Does this give people more protection from unfair business practices? — Increased transparency in banking supervision may lead to better protection of consumer financial interests.
- Demographic And Interest Groups
- Would households on low incomes be better off under this? — Increased transparency in financial regulation can help ensure banking stability for all income levels. Would middle-income households be better off under this? — Greater oversight of global regulatory standards may provide more stable financial environments for middle-income families. Would people in cities be better off under this? — Financial stability through improved regulatory transparency benefits all residents, including those in urban areas.
- National Security And Foreign Policy
- Does this favour talking over confrontation abroad? — The bill increases oversight of how US agencies interact with international financial associations. Does this increase the pay, pensions or support veterans receive? — The bill requires justifying global forum implementation costs against national security interests.
- 2/25/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-529.
- Placed on the Union Calendar, Calendar No. 454.
- 12/17/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 23.
- 1 Cosponsor added.
- 12/16/2025
- Committee Consideration and Mark-up Session Held
- 3 Cosponsors added.
- 12/10/2025
- Referred to the House Committee on Financial Services.
- 2 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Andy BarrRepublican · Kentucky
Warren DavidsonRepublican · Ohio
Mike FloodRepublican · Nebraska
Tim MooreRepublican · North Carolina
John RoseRepublican · Tennessee
Pete SessionsRepublican · Texas