HR 6556 119th Congress

Failing Bank Acquisition Fairness Act

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

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.

Actions

2026-07-15T00:00:00

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-07-14T00:00:00

Motion to reconsider laid on the table Agreed to without objection.

2026-07-14T00:00:00

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4438-4440)

2026-07-14T00:00:00

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

2026-07-14T00:00:00

DEBATE - The House proceeded with forty minutes of debate on H.R. 6556.

2026-07-14T00:00:00

Considered under suspension of the rules. (consideration: CR H4438-4441)

2026-07-14T00:00:00

Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

2026-02-02T00:00:00

Placed on the Union Calendar, Calendar No. 406.

2026-02-02T00:00:00

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475.

2026-02-02T00:00:00

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475.

2025-12-17T00:00:00

Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.

2025-12-17T00:00:00

Committee Consideration and Mark-up Session Held

2025-12-16T00:00:00

Committee Consideration and Mark-up Session Held

2025-12-10T00:00:00

Referred to the House Committee on Financial Services.

2025-12-10T00:00:00

Introduced in House

2025-12-10T00:00:00

Introduced in House

Policy Areas

Finance and Financial Sector

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Failing Bank Acquisition Fairness Act

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Summary

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