American FIRST Act of 2025 American Financial Institution Regulatory...
To require annual reporting on interactions between Federal banking supervisory agencies and global financial regulatory or supervisory forums, and for other purposes.
The American Financial Institution Regulatory Sovereignty and Transparency Act of 2025, also known as HB6550, aims to increase transparency in how U.S. banking supervisory agencies interact with international financial regulatory bodies. The bill proposes that these agencies must submit annual reports detailing their interactions with global financial regulatory forums.
This bill would affect U.S. banking supervisory agencies, including the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, by mandating that they publicly report their interactions with entities like the Basel Committee on Banking Supervision. The intended impact is to enhance transparency and ensure that U.S. financial institutions are not unduly influenced by international standards.
HB6550 was introduced on December 10, 2025, and was referred to the House Committee on Financial Services. It was reported with amendments on December 17, 2025, and subsequently placed on the Union Calendar on February 25, 2026. The bill is currently under consideration in the House.
