Bill Detail
H.R. 4544
Congress: 119
Title
American Access to Banking Act
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.
Sponsor
Rep. Maxine Waters [D-CA-43]
Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Status as of Aug 3, 11:50 AM · synced 10d ago
Introduced
2025-07-17
Data source mode: congress-gov
Bill Engagement
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…
Lobbyists on the case
- Credit Union National Association. Inc. DBA America's Credit Unions3 filings · 16 lobs
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