HR 4544
Passed a chamber
Directs federal banking and credit union regulators to make it easier for new banks and credit unions to apply for federal approval and to raise capital.
Official title: American Access to Banking Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
17-JUL-2025
Referred
17-JUL-2025
Approved by committee
23-JUL-2025
Reported
08-SEP-2025
On the calendar
08-SEP-2025
Passed
20-MAY-2026
Senate
Received
21-MAY-2026
- Requires regulators to review application forms, reduce information requests to applicants, and review capital-raising rules in consultation with the Securities and Exchange Commission.
- Requires each regulator, on applicant request, to assign a caseworker who provides application tutorials and serves as the main point of contact, and to provide lists of recently approved institutions willing to mentor applicants.
- Requires regulators to develop a plan for consulting state regulators and stakeholders, accept public comment, and submit the plan to Congress, with annual reports on their actions for five years.
- Reduces the dollar amount specified in section 7(a)(3)(A) of the Federal Reserve Act by $24,000,000, effective September 1, 2036.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (17-JUL-2025); the text has changed since (Engrossed in House, 20-MAY-2026).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.govFinance and Financial Sector
No cosponsors.