Banks under $6 billion get fewer check-ups from regulators.

What it does

This bill lets smaller banks and credit unions skip some full check-ups. Instead, they can do lighter check-ups some years. Banks can combine different types of check-ups into one visit. Regulators must tell banks what they will check ahead of time. Regulators can still do extra check-ups if they see problems.

Who it affects

Smaller banks and credit unions get checked less often. This may lower their costs and fees for customers. Taxpayers who fund bank insurance could be affected if a bank fails.

One thing to notice

Banks will know what regulators plan to check before the visit. Regulators will see less of what banks do each year.

From the analysis of the bill text, linked under Primary records below.

Where it stands

1 cosponsor: 1 Democrats.

• Jul 16, 2025 — Introduced · Congress.gov: “Introduced in House”
• Jul 16, 2025 — Referred to House Committee on Financial Services and Senate Committee on Banking, Housing, and Urban Affairs · Congress.gov: “Referred to the House Committee on Financial Services”
• Jul 22, 2025 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
• Jul 22, 2025 — Reported out of committee · Congress.gov: “Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 1”
• May 12, 2026 — Passed the House · Congress.gov: “On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3353-3354)”
• May 12, 2026 — Floor vote scheduled · Congress.gov: “Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended”

Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.

Money around this bill

4 groups reported lobbying about this bill. They filed 7 reports from Dec 2025 to Jun 2026.

Those reports show $57,000,000 in lobbying spending. Each report lists about 50 bills. So that money was not all for this bill.

More groups named this bill than 72% of bills with any report.

William Timmons, who sponsored the bill, received $680,500 from PACs for the 2026 election.

• Chamber of Commerce of the U.S.A. — $54,660,000 in 3 reports
• Independent Community Bankers of America — $2,170,000 in 1 report
• American Fintech Council — $110,000 in 1 report
• American Fintech Council — $60,000 in 2 reports

Lobbying is legal. These reports show who lobbied about this bill, not what changed.

Words to know

• check-ups — Times when regulators look at a bank's books and practices.
• lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
• PACs — Groups that collect money and give it to candidates for office.
• sponsored — To sponsor a bill is to introduce it in Congress and put your name on it.