What does Preamble of American FIRST Act of 2025 do?

This bill requires annual reporting on interactions between Federal banking supervisory agencies and global financial regulatory or supervisory forums. The bill was introduced by Mr. Loudermilk and has additional sponsors. The bill was reported with an amendment to the Committee of the Whole House on the State of the Union.

What does SHORT TITLE. of American FIRST Act of 2025 do?

This bill is formally titled the American Financial Institution Regulatory Sovereignty and Transparency Act of 2025.

What does ANNUAL REPORTING ON INTERACTIONS BETWEEN FEDERAL BANKING of American FIRST Act of 2025 do?

This section amends the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to include a description of its interactions with global financial regulatory or supervisory forums in its annual report. The report must include a list of forums, descriptions of their purposes and alignment with U.S. law, funding sources, organizational structure, positions taken, meeting summaries, adopted policies, anticipated changes to regulations, and actions taken to implement agreements. The term 'global financial regulatory or supervisory forum' is defined to include entities like the Bank for International Settlements and the Financial Stability Board, but excludes certain international financial institutions and organizations. Similar reporting requirements are established for the Office of the Comptroller of the Currency (OCC) regarding its interactions with global financial regulatory forums. The OCC's annual report must also detail interactions with these forums, including similar information as required for the Board of Governors.

What does BIANNUAL CONGRESSIONAL TESTIMONY ON INTERACTIONS WITH GLOBAL of American FIRST Act of 2025 do?

This bill amends the Federal Reserve Act to include interactions with global financial regulatory forums. The amendment requires reporting on these interactions. The bill aims to require annual reporting on interactions between Federal banking supervisory agencies and global financial forums.

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American FIRST Act of 2025

Last updated: 2/25/2026 · Introduced: 12/10/2025

Author: Barry Loudermilk (R-GA)

TL;DR (AI)

The bill mandates the Federal Reserve and the Office of the Comptroller of the Currency to annually report on their interactions with global financial regulatory forums, detailing their purposes, funding, and policy positions.
These reports must include information such as meeting summaries, adopted policies, and anticipated regulatory changes resulting from these interactions.
The legislation defines 'global financial regulatory or supervisory forum' to encompass entities like the Bank for International Settlements and the Financial Stability Board, while excluding specific international financial institutions.

119th Congressin committeeHR. 6955(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

4 sections

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