Support passage of the TRUST Act to increase the asset threshold for well-managed community banks to qualify for an extended 18-month federal examination cycle from $3 billion to $6 billion.

U.S. Senators Andy Kim (D-N.J.) and Ted Budd (R-N.C.) introduced the Tailored Regulatory Updates for Supervisory Testing (TRUST) Act, which would increase the examination threshold for well-managed institutions from $3 billion to $6 billion in total assets to qualify for an extended 18-month exam cycle.

Kim introduced bipartisan legislation to raise the federal asset threshold for well-managed institutions to receive an 18-month bank exam cycle from $3 billion to $6 billion.

Senators Kim and Budd Lead Bipartisan Federal Banking Reform Effort to Cut Red Tape Limiting Community Banks - Senator Andy Kim
secondary · other · model gpt-5.5

Congress.gov lists Andy Kim as Senator for New Jersey in the 118th-119th Congresses and shows under Member Activity: S.3830, a bill to amend the Federal Deposit Insurance Act to permit Federal banking agencies to examine qualifying insured depository institutions with under $6,000,000,000 in total assets not less than once during each 18-month period. Latest action: Read twice and referred to the Senate Committee on Banking, Housing, and Urban Affairs. Status: Introduced.

Kim’s official Congress.gov member activity includes S.3830 in the 119th Congress, matching the promised $6 billion/18-month examination-cycle policy, but the bill had only been introduced and referred to committee.

never same_term A for effort

Senator Andy Kim - Congress.gov Member Profile
secondary · model gpt-5.5 · confidence 90%

The eCFR page says Title 12 is up to date as of 4/17/2026. Under 12 CFR 337.12(b), the FDIC may use the 18-month examination rule if conditions are met, including that the institution has total assets of less than $3 billion.

The current FDIC regulation still uses a less-than-$3-billion threshold, not the promised $6 billion threshold.

never same_term

eCFR :: 12 CFR 337.12 -- Frequency of examination
secondary · model gpt-5.5 · confidence 95%

12 U.S.C. 1820(d)(4) provides that the 18-month rule applies if the insured depository institution has total assets of less than $3,000,000,000 and meets the statute's capitalization, management, enforcement, and control-change conditions.

The underlying Federal Deposit Insurance Act text remained at a $3 billion asset threshold in the official U.S. Code text available for this period.

never same_term

12 USC 1820: Administration of Corporation
secondary · model gpt-5.5 · confidence 90%