H.R. 4544 American Access to Banking Act

This legislation directs Federal banking and credit union regulators to streamline the formation of new banks and credit unions, referred to as de novo depository institutions. The bill improves the application process, strengthens support for applying institutions, supports mentorship opportunities and communication with stakeholders, as well as encourages improved coordination between Federal and State regulators to help create more de novo institutions.

Read the One-Pager about the bill.