HR 3914
118th Congress
House
Finance and Financial Sector
Failing Bank Acquisition Fairness Act
Introduced: June 7, 2023
Introduced by:
Lynch, Stephen F.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 7, 2023
Referred to the House Committee on Financial Services.
Jun 7, 2023
Introduced in House
Plain-English summary
Failing Bank Acquisition Fairness Act
This bill restricts the ability of large banks and financial companies to acquire banks in default or in danger of default if smaller institutions otherwise qualify. Specifically, if a merger with a bank in default results in one institution controlling more than a specified percentage of deposits or liabilities in the United States, regulators are prohibited from approving it, unless no other institution qualifies.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1