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HOUSE 6556119th CongressPlaced on the Union Calendar, Calendar No. 406.

Failing Bank Acquisition Fairness Act

Last Action
2/2/2026

Actions

  • 2026-07-15Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2026-07-14Motion to reconsider laid on the table Agreed to without objection.
  • 2026-07-14On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4438-4440)
  • 2026-07-14Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
  • 2026-07-14DEBATE - The House proceeded with forty minutes of debate on H.R. 6556.
  • 2026-07-14Considered under suspension of the rules. (consideration: CR H4438-4441)
  • 2026-07-14Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  • 2026-02-02Placed on the Union Calendar, Calendar No. 406.
  • 2026-02-02Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475.
  • 2026-02-02Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475.
  • 2025-12-17Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
  • 2025-12-17Committee Consideration and Mark-up Session Held
  • 2025-12-16Committee Consideration and Mark-up Session Held
  • 2025-12-10Referred to the House Committee on Financial Services.
  • 2025-12-10Introduced in House

Showing 15 of 16 actions. Full history on Congress.gov.

CRS Summary

As of 2025-12-10 (00)

Failing Bank Acquisition Fairness Act

This bill tightens restrictions on certain waivers granted by federal financial regulators to companies that acquire insured depository institutions. Under current law, a regulator may not approve an acquisition if it would result in an institution exceeding a set concentration limit (i.e., controlling more than 10% of total insured U.S. deposits). This may be waived if one or more of the institutions involved is in default or in danger of default or if the Federal Deposit Insurance Corporation (FDIC) is providing certain assistance.

In addition to these requirements, the bill requires the regulator to determine that (1) the merger is necessary to prevent significant economic disruption or financial instability, and (2) FDIC has not received a qualified bid from a company not subject to this concentration limit.

The bill also provides capitalization and management standards for qualified bids.

Regulators that waive these concentration limits must report to Congress on the circumstances and justification of the waiver.

Cosponsors (1)

  • Josh Gottheimer (D-NJ)

Subjects

  • Administrative law and regulatory procedures
  • Bank accounts, deposits, capital
  • Banking and financial institutions regulation
  • Corporate finance and management
  • Economic performance and conditions
  • Federal Deposit Insurance Corporation (FDIC)
  • Financial crises and stabilization
  • Performance measurement
Read on Congress.gov

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.