H.R. 6551

New BANK Act of 2025

Sponsor: Barry Loudermilk

2 cosponsors
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Text of the bill

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Sec. 4. Annual report on depository institution holding company applications Changed · Feb 25

Where this section came from

  1. Dec 10, 2025 · Introduced in House Referred to House Committee on Financial Services, Dec 10, 2025
  2. Feb 25, 2026 · Reported in House Marked up by House Committee on Financial Services, Dec 16, 2025 Marked up by House Committee on Financial Services, Dec 17, 2025 Reported by House Committee on Financial Services, Feb 25 Committee members' individual votes aren't in our records.
What changed in the text

The Board of Governors of the Federal Reserve System shall publish an annual report that includes — the following, or with respect to any equivalent procedure used by the Board of Governors includes the following: (1) the The number of applications to become a top-tier depository institution holding company received, approved, denied, withdrawn, mooted, or returned ; . (2) the The mean and median times to approve such applications ; . and (3) To the extent practicable, common reasons leading to denial or withdrawal of such applications.

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The Board of Governors of the Federal Reserve System shall publish an annual report that includes the following, or with respect to any equivalent procedure used by the Board of Governors includes the following:

(1) The number of applications to become a top-tier depository institution holding company received, approved, denied, withdrawn, mooted, or returned.

(2) The mean and median times to approve such applications.

(3) To the extent practicable, common reasons leading to denial or withdrawal of such applications.