2/11/26
Letter in Support of Senate TRUST Act
ICBA sent a letter to members of the Senate Banking Committee in support of the Tailored Regulatory Updates for Supervisory Testing (TRUST) Act (S. 3830), which would create regulatory relief for numerous community banks. The TRUST Act would raise the consolidated asset threshold from $3 billion to $6 billion for banks to qualify for an 18-month examination cycle. ICBA said that a higher threshold for well capitalized and well managed banks that pose no systemic risk is safe and sensible reform that would allow more community banks to direct more resources toward serving their customers and communities.