Latest action · May 21, 2026Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date
was not reached; one that failed a vote and later carried shows the
date it carried.
IntroducedJul 17, 2025
Passed HouseMay 20, 2026
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached
Summary
American Access to Banking Act
This bill requires federal financial regulators to review and streamline the application process for the formation of de novo, or new, depository institutions or credit unions.
Regulators must (1) review the application process; (2) to the extent practicable, collect necessary information from other agencies in order to minimize requests for applicant information; and (3) review how de novo financial intuitions raise capital while maintaining investor protections, including the impact of restrictions on raising capital.
At the request of an applicant, regulators must (1) designate an employee as a caseworker to assist in the application process, and (2) provide a list of similar institutions interested in serving as a mentor.
Each regulator must also develop a state and stakeholder engagement plan to assist interested parties with understanding the relevant regulatory processes.
Recorded votes 1
Newest first. Open one to see how every member voted.
May 21, 2026Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 20, 2026Considered as unfinished business. (consideration: CR H3645)
May 20, 2026Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 405 - 4 (Roll no. 178).
May 20, 2026Motion to reconsider laid on the table Agreed to without objection.
May 19, 2026Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
What has been written about this bill: committee reports, cost estimates,
the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Congress has the power to enact this legislation pursuant to the following: Clause 3 of Section 8 of Article I of the Constitution, which provides Congress with the power to ``regulate commerce with foreign nations, and among the several states, and with the Indian tribes.''
The sponsor’s statement, as printed in the Congressional Record, vol. 171, no. 123, July 17, 2025, page H3477.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
Every title it has carried, official and short, at each stage.
Official Title as Introduced
To direct certain Federal banking and credit union agencies to promote the formation of de novo regulated institutions through the review of application processes, the review of capital raising by de novo regulated institutions, and the establishment of various outreach programs, and for other purposes.
Short Title(s) as Introduced
American Access to Banking Act
Short Title(s) as Reported to House
American Access to Banking Act
Short Title(s) as Passed House
American Access to Banking Act
Short Titles from RFS (Referred to Senate) bill text
American Access to Banking Act
Official Title from EH (Engrossed in House) bill text
To direct certain Federal banking and credit union agencies to promote the formation of de novo regulated institutions through the review of application processes, the review of capital raising by de novo regulated institutions, and the establishment of various outreach programs, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
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Everything here is as published by Congress: the summary is the
Congressional Research Service's, the action wording is the clerks',
and the subjects are the Library of Congress's. How far it got is read
from the actions themselves, taking the most recent one of each kind,
so a bill that failed a vote and later passed is shown as having passed.
Records come from
this bill on Congress.gov
and govinfo.gov; cost estimates
are the Congressional Budget Office's, and the hearings are the printed
hearings GovInfo publishes, which can appear months after the hearing.
