Bank Failure Prevention Act of 2025
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 6, 2025)
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.
What just happenedJun 4, 2025
Placed on the Union Calendar, Calendar No. 101.
Who’s behind it
- Reported in HouseJun 4, 2025
- Introduced in HouseMar 6, 2025
- Jun 4, 2025CalendarsH12410
Placed on the Union Calendar, Calendar No. 101.
- Jun 4, 2025CommitteeH12200
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-132.
Financial Services Committee - Jun 4, 2025Committee5000
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-132.
Financial Services Committee - May 21, 2025Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 21.
Financial Services Committee - May 21, 2025Committee
Committee Consideration and Mark-up Session Held
Financial Services Committee - Mar 6, 2025IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Mar 6, 2025IntroReferralIntro-H
Introduced in House
- Mar 6, 2025IntroReferral1000
Introduced in House