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H.R. 6556 119th Congress House

Failing Bank Acquisition Fairness Act

Official title: To prohibit the use of certain concentration limit exceptions with respect to mergers involving a failed bank unless the applicable agency determines such use … Show full official titleShow less

Official title: To prohibit the use of certain concentration limit exceptions with respect to mergers involving a failed bank unless the applicable agency determines such use is necessary to prevent significant economic disruption or significant adverse effects on financial stability, and for other purposes.

Introduced: December 10, 2025 Introduced by: Stephen F. Lynch Democratic · Massachusetts See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationCorporate finance and management
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Economic performance and conditionsFederal Deposit Insurance Corporation (FDIC)Financial crises and stabilizationPerformance measurement
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 Everywhere this bill has been 14 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 2026
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 14, 2026 · 3:16 PM EDT
Motion to reconsider laid on the table Agreed to without objection.
Jul 14, 2026 · 3:16 PM EDT
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4438-4440)
Jul 14, 2026 · 3:16 PM EDT
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Jul 14, 2026 · 3:03 PM EDT
DEBATE - The House proceeded with forty minutes of debate on H.R. 6556.
Jul 14, 2026 · 3:03 PM EDT
Considered under suspension of the rules. (consideration: CR H4438-4441)
Jul 14, 2026 · 3:03 PM EDT
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Feb 2, 2026
Placed on the Union Calendar, Calendar No. 406.
Feb 2, 2026
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475.
Dec 17, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 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 July 15, 2026

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Failing Bank Acquisition Fairness Act

This bill tightens restrictions on certain waivers granted by federal financial regulators to companies that acquire insured depository institutions. Under current law, a regulator may not approve an acquisition if it would result in an institution exceeding a set concentration limit (i.e., controlling more than 10% of total insured U.S. deposits). This may be waived if one or more of the institutions involved is in default or in danger of default or if the Federal Deposit Insurance Corporation (FDIC) is providing certain assistance.

In addition to these requirements, the bill requires the regulator to determine that (1) the merger is necessary to prevent significant economic disruption or financial instability, and (2) FDIC has not received a qualified bid from a company not subject to this concentration limit.

The bill also provides capitalization and management standards for qualified bids.

Regulators that waive these concentration limits must report to Congress on the circumstances and justification of the waiver.

 Hearings & markups 1
  • Various Measures
    Markup Dec 16, 2025 · 10:00 AM EST · Financial Services Committee
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Lobbying activity 4

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

Bodies those filers lobbied

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 Cosponsors 1
All 1 Democratic 1
D
Gottheimer, Josh
New Jersey · Dec 16, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6556: Failing Bank Acquisition Fairness Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-6556/
MLA
"H.R. 6556: Failing Bank Acquisition Fairness Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-6556/.
Bluebook (legal)
H.R. 6556, 119th Cong. (2026), https://openamerica.io/bill/119-HR-6556/.
Markdown link
[H.R. 6556: Failing Bank Acquisition Fairness Act](https://openamerica.io/bill/119-HR-6556/)
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