H.R. 6551
New BANK Act of 2025
Sponsor: Barry Loudermilk
2 cosponsors
Official summary
No official summary yet.
Text of the bill
Where this section came from
-
Dec 10, 2025 · Introduced in House Referred to House Committee on Financial Services, Dec 10
-
Feb 25, 2026 · Reported in House Marked up by House Committee on Financial Services, Dec 16 Marked up by House Committee on Financial Services, Dec 17 Reported by House Committee on Financial Services, Feb 25 Committee members' individual votes aren't in our records.
The National Credit Union Administration
Board
shall publish an annual report that includes
—
the following, or with respect to any equivalent procedure used by the Administration includes the following:
(1)
the
The
number of Federal credit union charter applications received,
proofs of concept established,
approved on a final basis, denied, withdrawn,
expired
inactive
,
mooted,
or returned
;
pending resubmission.
(2)
the
The
mean and median times
to
for
establish
final
proof
approval
of
concept for
such applications
;
.
(3)
To
the
mean
extent
and
practicable,
median times for final approval of such applications; and (4)
common reasons leading to
application
denial, withdrawal,
inactivity,
or
expiration
to
of
applications
establishment
being
of
returned
proof
for
of concept of such applications
resubmission
.
What is a markup?
A markup is a committee meeting where members go through a bill and vote on changes before sending it to the full chamber.
The National Credit Union Administration shall publish an annual report that includes the following, or with respect to any equivalent procedure used by the Administration includes the following:
(1) The number of Federal credit union charter applications received, approved on a final basis, denied, withdrawn, inactive, or returned pending resubmission.
(2) The mean and median times for final approval of such applications.
(3) To the extent practicable, common reasons leading to application denial, withdrawal, inactivity, or to applications being returned for resubmission.