H.R. 4544: American Access to Banking Act

119th Congress · introduced 2025-07-17 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

What does this mean?

Official title

American Access to Banking Act

Plain 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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

American Access to Banking Act

Source: Congressional Research Service summary (Introduced in House)

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Officials and money

Sponsor: Rep. Waters, Maxine [D-CA-43] · 0 cosponsors

Money: CBO cost estimate: H.R. 4544, American Access to Banking Act (2026-02-06) No linked contracts or vendors yet.

Recorded votes

House roll call 178 (2026): On Motion to Suspend the Rules and Pass, as Amended, H R 4544 (2026-05-20): Passed

Words on this page, explained (1)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr4544.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr4544 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills