American FIRST Act of 2025

This bill requires the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to include information in their annual reports about their work with international financial regulatory groups, such as the Basel Committee on Banking Supervision and the Financial Stability Board. Each agency would list the groups it belongs to, who funds them, the positions the agency took, meetings attended, and any standards the groups adopted. Agencies would also describe rules or guidance they adopt to carry out these agreements, including an economic impact analysis and a justification that expected benefits at least offset costs. The bill also adds these international interactions to the topics covered in the Federal Reserve's twice-yearly testimony to Congress.

Full text and official record on Congress.gov

Sponsors

• Barry Loudermilk Republican sponsor
• 6 cosponsors