Install
Bank Failure Prevention Act of 2025
To specify when the record is complete on certain acquisition applications related to depository institution holding companies, and for other purposes.
- Introduced
- Committee
- Passed House
- Passed Senate
- To President
- Became law
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.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Jun 4, 2025 Placed on the Union Calendar, Calendar No. 101.
- Jun 4, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-132.
- May 21, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 21.
- May 21, 2025 Committee Consideration and Mark-up Session Held
- Mar 6, 2025 Referred to the House Committee on Financial Services.
- Mar 6, 2025 Introduced in House
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