{"format":1,"id":"119-hr-4544","congress":119,"number":"H.R. 4544","kind":"bill","group":"bills","title":"American Access to Banking Act","title_source":"Short Title(s) as Passed House","official_title":"To direct certain Federal banking and credit union agencies to promote the formation of de novo regulated institutions through the review of application processes, the review of capital raising by de novo regulated institutions, and the establishment of various outreach programs, and for other purposes.","titles":[{"type":"Official Title as Introduced","title":"To direct certain Federal banking and credit union agencies to promote the formation of de novo regulated institutions through the review of application processes, the review of capital raising by de novo regulated institutions, and the establishment of various outreach programs, and for other purposes."},{"type":"Display Title","title":"American Access to Banking Act"},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"American Access to Banking Act"},{"type":"Short Title(s) as Passed House","title":"American Access to Banking Act"},{"type":"Official Title from EH (Engrossed in House) bill text","title":"To direct certain Federal banking and credit union agencies to promote the formation of de novo regulated institutions through the review of application processes, the review of capital raising by de novo regulated institutions, and the establishment of various outreach programs, and for other purposes."},{"type":"Short Title(s) as Reported to House","title":"American Access to Banking Act"},{"type":"Short Title(s) as Introduced","title":"American Access to Banking Act"}],"outcome":"passed_house","law_number":null,"introduced":"2025-07-17","chambers":{"house":{"status":"roll_call","date":"2026-05-20","vote":{"id":"119-2026-h178","question":"On Motion to Suspend the Rules and Pass, as Amended","title":"American Access to Banking Act","result":"Passed","yea":405,"nay":4,"present":0,"not_voting":21,"source":"https://clerk.house.gov/evs/2026/roll178.xml"}},"senate":{"status":"pending","date":null,"vote":null}},"president":{"status":"not_yet","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","date":"2026-05-21"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2025-07-17","stage":"Introduced in House","blocks":[{"k":"h","t":"American Access to Banking Act"},{"k":"p","t":"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."},{"k":"p","t":"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."},{"k":"p","t":"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."},{"k":"p","t":"Each regulator must also develop a state and stakeholder engagement plan to assist interested parties with understanding the relevant regulatory processes."}],"words":135},"summary":{"main_subject":{"text":"Directs the Federal financial institutions regulatory agencies to review application and capital-raising processes for de novo banks and credit unions and to provide caseworkers, mentor lists and engagement plans for applicants.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text/eh#H9B852D91D00448F5AE9A6073BC77C5D3"},{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text/eh#H0C110A044BBE42C7B962B4026CBF2062"},{"label":"Sec. 4","href":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text/eh#H2D68947889FF4EC68881543EF0A47581"},{"label":"Sec. 5","href":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text/eh#HC3EA10F5544D4DF1B7C0A6299C146B62"}]},"core_areas":["Review of application forms and information requests for de novo banks and credit unions","Review of capital raising by de novo regulated institutions","Caseworkers and mentor lists for de novo applicants","State regulator and stakeholder engagement plans"],"what_it_does":[{"text":"Requires each Federal financial institutions regulatory agency to review its application forms for becoming a de novo regulated institution and, to the extent practicable, to gather needed applicant information from other Federal agencies or public sources.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text/eh#H9B852D91D00448F5AE9A6073BC77C5D3"}},{"text":"Requires each agency, in consultation with the Securities and Exchange Commission, to review how de novo regulated institutions raise capital while maintaining investor protections, including the impact of general capital raising restrictions and of restrictions related to individuals who are not accredited investors.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text/eh#H9B852D91D00448F5AE9A6073BC77C5D3"}},{"text":"Requires each agency to report to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs and publish the report, 1 year after enactment and annually for 5 years thereafter.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text/eh#H9B852D91D00448F5AE9A6073BC77C5D3"}},{"text":"Requires each agency, at an applicant's request, to designate an employee as a caseworker who, to the maximum extent practicable, gives the lead organizers a tutorial on the application process and is their primary point of contact.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text/eh#H0C110A044BBE42C7B962B4026CBF2062"}},{"text":"Requires each agency, at the request of an institution seeking to become de novo, to provide to the maximum extent practicable a list of recently approved similar institutions that volunteer to serve as mentors.","cite":{"label":"Sec. 4","href":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text/eh#H2D68947889FF4EC68881543EF0A47581"}},{"text":"Requires each agency to develop a plan to consult regularly with State regulators and stakeholders and to provide guidance, training material and workshops, and to submit the plan to the committees 2 years after enactment and every 5 years thereafter after allowing public comment.","cite":{"label":"Sec. 5","href":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text/eh#HC3EA10F5544D4DF1B7C0A6299C146B62"}}],"unexpected":[{"category":"off_subject","items":[{"cite":{"label":"Sec. 7","href":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text/eh#H430DD9BDABF84B1E9B02544192B4200F"},"heading":"Discretionary Surplus Fund","effect":"Reduces the dollar amount specified in section 7(a)(3)(A) of the Federal Reserve Act by $24,000,000, effective September 1, 2036.","amount":"$24,000,000","quote":"The dollar amount specified under section 7(a)(3)(A) of the Federal Reserve Act (12 U.S.C. 289(a)(3)(A)) is reduced by $24,000,000."}]}],"version":{"type":"Engrossed in House","date":"2026-05-20","rule":"passed","href":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-03","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/119th-congress/house-bill/4544","text":"https://www.congress.gov/bill/119th-congress/house-bill/4544/text"},"card":{"image":"card/item/119-hr-4544.png","v":"fe4928796c57","alt":"Votes on Record. H.R. 4544, 119th Congress: American Access to Banking Act. House: 405 Yea, 4 Nay. Senate: not yet considered. Outcome: Passed House, 20 May 2026."}}