Jump to Content
close
close
ABA: The American Bankers Association
Statement
  • For Immediate Release
  • May 12, 2026

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.”

###

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.

Press Contact

Josh Britton

(202) 663-7553

Contact Josh
Useful Links

Resources for the Media

Media Contacts

All inquiries from the press can be directed to one of our press contacts.

ABA Expert Photos

Hi-Res photos for use by the press.

ABA Media Appearances

Getting the industry's message out – in print and on the air – about banks' health and lending, as well as policies that are harmful to economic recovery.

Media Credentials

Complimentary press registrations are available for select events.

Join Our Media Lists

Want to be added to our news release list? Sign up here.

RSS Feed

Get ABA press releases via RSS.