Summary
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.
Related bills
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Bill text versions
Legislative Journey
- Introduced
- Committee
- Floor
- Passed Chamber 1
- Passed Chamber 2
- Signed
Placed on the Union Calendar, Calendar No. 101.
HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-132.
HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-132.
Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 21.
HouseCommittee Consideration and Mark-up Session Held
HouseReferred to the House Committee on Financial Services.
HouseIntroduced in House
Introduced in House