Bank Competition Modernization Act
- Last Action
- 11/4/2025
Actions
- 2025-11-04Placed on the Union Calendar, Calendar No. 317.
- 2025-11-04Reported (Amended) by the Committee on Financial Services. H. Rept. 119-365.
- 2025-11-04Reported (Amended) by the Committee on Financial Services. H. Rept. 119-365.
- 2025-09-16Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.
- 2025-09-16Committee Consideration and Mark-up Session Held
- 2025-09-10Referred to the House Committee on Financial Services.
- 2025-09-10Introduced in House
- 2025-09-10Introduced in House
CRS Summary
As of 2025-11-04 (07)
Bank Competition Modernization Act
This bill allows financial regulators to approve certain bank mergers without considering if the merger is noncompetitive or monopolistic.
Currently, regulators are prohibited from approving a bank acquisition, merger, or consolidation that would result in a monopoly, that would be in furtherance of a conspiracy or attempt to create a monopoly, the approval of which would substantially lessen competition, or that would otherwise restrain trade.
The bill prohibits regulators from considering these factors for mergers that would result in an entity with less than $10 billion in assets. This threshold must be adjusted annually to reflect increases in the U.S. nominal gross domestic product.
Subjects
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Business records
- Competition and antitrust
- Corporate finance and management
- Performance measurement
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.