CONGRESS FOR VOTERS

Ted Budd (R-NC)

TRUST Act of 2026

S. 3830 · Senate bill Finance and Financial Sector

A Republican bill with 3 Democratic cosponsors · See all 6 cosponsors

Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "TRUST Act of 2026," proposes changes to the Federal Deposit Insurance Act. It aims to modify the thresholds used for banking examinations. Specifically, it would allow Federal banking agencies to examine certain insured depository institutions with up to $6,000,000,000 in total assets at least once every 18 months. This is an increase from the previous $3,000,000,000 threshold.

Yes

  • Scored +1

    Is this likely to create jobs?

    Reducing the frequency of federal banking examinations may reduce regulatory overhead for mid-sized banks.

  • Scored +1

    Does this make it easier to run a small business?

    By increasing the asset threshold for regular examinations, the bill reduces the regulatory burden on banks with assets up to $6 billion.

  • Scored +1

    Would business owners be better off under this?

    The bill benefits owners of banks with assets between $3 billion and $6 billion by allowing less frequent mandatory federal examinations.

The opposite

  • Scored -1

    Does this make what the government does easier for the public to see?

    Extending the time between federal banking examinations may reduce the frequency of government oversight and reporting.