H.R. 6547
Least Cost Exception Act
Placed on the Union Calendar, Calendar No. 405.
Sponsor
Rep. Flood, Mike [R-NE-1]
Bill Details
- Update Date
- Apr 8, 2026
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 6,547
- Congress
- 119
- Introduced Date
- Dec 10, 2025
- Policy Area
- Finance and Financial Sector
- Is Law
- No
Placed on the Union Calendar, Calendar No. 405.
Source: House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-474.
Source: House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-474.
Source: Library of Congress
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
Source: House committee actions
Committee Consideration and Mark-up Session Held
Source: House committee actions
Committee Consideration and Mark-up Session Held
Source: House committee actions
Referred to the House Committee on Financial Services.
Source: House floor actions
Introduced in House
Source: Library of Congress
Introduced in House
Source: Library of Congress
Least Cost Exception Act
This bill allows the Federal Deposit Insurance Corporation (FDIC) to waive the least-cost resolution requirement for failed insured depository institutions and use alternative methods of resolution, particularly alternatives that do not involve global systemically important banks (G-SIBs).
Under current law, the FDIC must use the resolution method (such as a deposit payoff or the purchase and assumption of a bank’s assets and liabilities) that costs the FDIC's Deposit Insurance Fund the least to implement when an insured depository institution fails.
The bill provides an exception to this requirement if the following criteria are met:
- the alternative method is the least costly of all alternatives that do not involve a G-SIB and that do not exceed the cost of liquidation;
- the difference in cost between the selected alternative and the cost of a resolution involving a purchase and assumption by a G-SIB is less than a maximum cost as established by rule;
- if the alternative involves a person purchasing assets or assuming liabilities, that person must pay an assessment to the FDIC; and
- it is determined that the risks to the fund are outweighed by the benefits of limiting the concentration of U.S. banking under G-SIBs.
FDIC must issue a report on any use of the exception established by this bill containing an analysis of the economic impact of cost differences between the selected alternative and the least-cost alternative.
Financial Services Committee