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The American FIRST Act of 2025 requires the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to submit annual reports to Congress detailing their interactions with global financial regulatory and supervisory forums. These reports must include membership lists, descriptions of forum purposes and funding sources, organizational structures, positions taken by U.S. representatives, meeting summaries, adopted policies and standards, anticipated regulatory changes needed for implementation, and economic impact analyses. The bill defines 'global financial regulatory or supervisory forums' to include entities such as the Basel Committee on Banking Supervision and the Financial Stability Board, while excluding international financial institutions and treaty-based organizations.
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