Bank Failure Prevention Act of 2025
- Last Action
- 6/4/2025
Actions
- 2025-06-04Placed on the Union Calendar, Calendar No. 101.
- 2025-06-04Reported (Amended) by the Committee on Financial Services. H. Rept. 119-132.
- 2025-06-04Reported (Amended) by the Committee on Financial Services. H. Rept. 119-132.
- 2025-05-21Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 21.
- 2025-05-21Committee Consideration and Mark-up Session Held
- 2025-03-06Referred to the House Committee on Financial Services.
- 2025-03-06Introduced in House
- 2025-03-06Introduced in House
CRS Summary
As of 2025-03-06 (00)
Bank Failure Prevention Act of 2025
This bill revises the Federal Reserve Board’s review process of merger and acquisition applications for bank holding companies.
Specifically, the board must notify the applicant within a certain time period regarding whether the application is complete or if additional information is required. The board must grant or deny such an application no later than 90 days after submission, regardless of whether the application was deemed complete. (Currently, the board must grant or deny an application no later than 90 days after receipt of a complete application.)
In addition, the board is prohibited from basing such application determinations on information provided by third parties.
Cosponsors (3)
- Scott Fitzgerald (R-WI)
- Daniel Meuser (R-PA)
- Pete Sessions (R-TX)
Subjects
- Banking and financial institutions regulation
- Business records
- Corporate finance and management
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.