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H.R. 6547 119th Congress House

Least Cost Exception Act

Official title: To amend the Federal Deposit Insurance Act to provide an exception to the least-cost resolution requirement, and for other purposes.

Introduced: December 10, 2025 Introduced by: Mike Flood Republican · Nebraska See on congress.gov
Finance and Financial Sector Accounting and auditingBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversight
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Corporate finance and managementFederal Deposit Insurance Corporation (FDIC)Performance measurementUser charges and fees
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 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 2, 2026
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-474.
Feb 2, 2026
Placed on the Union Calendar, Calendar No. 405.
Dec 17, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
Dec 17, 2025
Committee Consideration and Mark-up Session Held
Dec 16, 2025
Committee Consideration and Mark-up Session Held
Dec 10, 2025
Introduced in House
Dec 10, 2025
Referred to the House Committee on Financial Services.
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What's happening now February 2, 2026

Placed on the Union Calendar, Calendar No. 405.

 Plain-English summary Congressional Research Service

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.

 Hearings & markups 1
  • Various Measures
    Markup Dec 16, 2025 · 10:00 AM EST · Financial Services Committee
 Related & companion bills 1
  • HR 6955 Main Street Capital Access Act
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 5

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

 Cosponsors 4
All 4 Democratic 2 Republican 2
R
Lawler, Michael
New York · Jan 12, 2026
 D
Moskowitz, Jared
Florida · Dec 18, 2025
 D
Foster, Bill
Illinois · Dec 16, 2025
 R
Rose, John W.
Tennessee · Dec 16, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6547: Least Cost Exception Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-6547/
MLA
"H.R. 6547: Least Cost Exception Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-6547/.
Bluebook (legal)
H.R. 6547, 119th Cong. (2026), https://openamerica.io/bill/119-HR-6547/.
Markdown link
[H.R. 6547: Least Cost Exception Act](https://openamerica.io/bill/119-HR-6547/)
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