Congressman Tim Moore announced the introduction of a bipartisan bill, the TRUST Act, aimed at reducing regulatory requirements for small community banks. Moore made the announcement in a series of tweets on July 21, 2025.
In his first post, Moore stated: “I’m proud to introduce a new bipartisan bill to cut red tape for our small community banks: the TRUST Act. When banks spend less time on federal reviews, they can spend more time helping families, small businesses, and local economies thrive.” The tweet was published at 21:24 UTC.
Moore followed up with additional posts linking to further information about the legislation. One tweet read: “Read more: https://t.co/NrCki0LGCy”, and another provided an additional link: “https://t.co/2iDSpMjM9T”. Both were posted on July 21, 2025.
The TRUST Act is intended to ease regulatory burdens on smaller financial institutions by streamlining federal review processes. By reducing compliance costs and administrative hurdles, proponents argue that community banks will be better positioned to support local businesses and households. Small community banks often cite complex federal regulations as a barrier to efficiently serving their customers and contributing to regional economic growth.
Bipartisan efforts such as this are part of ongoing discussions in Congress regarding banking reform and regulatory relief for smaller lenders. Supporters contend that measures like the TRUST Act could foster greater access to credit and promote stability within local economies.
