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To amend the Federal Deposit Insurance Act to permit Federal banking agencies to examine qualifying insured depository institutions with under $6,000,000,000 in total assets not less than once during each 18- month period, and for other purposes.
Summary
This bill amends the Federal Deposit Insurance Act to modify the asset threshold for examination cycles of well-managed insured depository institutions. The bill increases the threshold from $3 billion to $6 billion in total assets, meaning that banks with under $6 billion in assets must be examined by federal banking agencies not less than once during each 18-month period. The changes apply to the examination cycle requirements in two provisions of the Federal Deposit Insurance Act (paragraphs 4(A) and 10 of Section 10(d)).
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Budd, Ted [R-NC] (R-NC)
5 cosponsors
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD)
- Sen. Kennedy, John [R-LA] (R-LA)
- Sen. Kim, Andy [D-NJ] (D-NJ)
- Sen. Ricketts, Pete [R-NE] (R-NE)
- Sen. Warnock, Raphael G. [D-GA] (D-GA)
Actions (2)
- Feb 11, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Feb 11, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
February 11, 2026
Mr. Budd (for himself, Mr. Kim, Mr. Kennedy, and Ms. Alsobrooks) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To amend the Federal Deposit Insurance Act to permit Federal banking agencies to examine qualifying insured depository institutions with under $6,000,000,000 in total assets not less than once during each 18- month period, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Tailored Regulatory Updates for Supervisory Testing Act of 2026” or the “TRUST Act of 2026”.
SEC. 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”. <all>
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