H.R. 6556 · 119th Congress
Failing Bank Acquisition Fairness Act
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Passed the House without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted. Its text can still change before it becomes law.
D
LynchSponsor1 cosponsor · 1 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Dec 10, 2025
- House Passed Jul 14, 2026
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).
What it does: CRS summary · Introduced in House · Dec 10, 2025
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Failing Bank Acquisition Fairness Act
Latest action (Jul 15, 2026): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Dec 10, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Dec 10, 2025
- House Passed Jul 14, 2026
No recorded floor vote found.