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H.R. 4544 · 119th Congress

American Access to Banking Act

Passed the HouseEconomy

Details

Sponsor
Maxine Waters (D)
Introduced
2025-07-17
Origin
House
Policy area
Finance and Financial Sector
Latest action
2026-05-21 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Cosponsors
0

congress.gov

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.

CRS summary — Introduced in House (2025-07-17)

Recorded votes (1)

DateChamberQuestionYea–NayResult
2026-05-20HouseOn Motion to Suspend the Rules and Pass, as Amended405–4Passed

Senate counts are senators only; a Vice President tie-breaking vote is not included (e.g. 50–50, passed).