ABA - American Bankers Association
05/12/2026 | Press release | Distributed by Public on 05/12/2026 15:02
ABA Applauds House Passage of Community Banking Legislation
"We applaud the House for passing three pieces of legislation today to strengthen our financial system and ensure that the regulatory and supervisory framework helps banks of all sizes thrive. The TRUST Act, led by Reps. Tim Moore and Ritchie Torres, and the SMART Act, led by Reps. William Timmons and Bill Foster, make much-needed reforms to supervisory asset thresholds to ensure they are appropriately tailored to community banks' size, complexity and risk profile without imposing unintended constraints on these critically important institutions. Additionally, the Advancing the Mentor-Protégé Program for Small Financial Institutions Act, led by Rep. Joyce Beatty, will enhance the ability of smaller institutions to better meet the financial service needs of their communities by strengthening partnerships between large banks and these community financial institutions.
"Together, these bills take make meaningful steps to modernize regulation and supervision and ensure our banking system remains strong and dynamic. We appreciate the work of all the sponsors and cosponsors of these important bills and will continue to support these efforts going forward."
"Together, these bills take make meaningful steps to modernize regulation and supervision and ensure our banking system remains strong and dynamic. We appreciate the work of all the sponsors and cosponsors of these important bills and will continue to support these efforts going forward."
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About the American Bankers Association
The American Bankers Association is the voice of the nation's $25.3 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.1 trillion in deposits and extend $13.5 trillion in loans.
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