Passed in the House on May 20, 2026 · 405 Yea, 4 Nay, 21 Not Voting
Question: On Motion to Suspend the Rules and Pass, as Amended: H R 4544 American Access to Banking Act
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…