H.R. 6551
New BANK Act of 2025
Sponsor: Barry Loudermilk
2 cosponsors
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Text of the bill
Where this section came from
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Dec 10, 2025 · Introduced in House Referred to House Committee on Financial Services, Dec 10, 2025
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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.
(a) In general. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration Board shall, jointly, and in consultation with State banking regulators and State credit union regulators, publish an annual report that includes
—
the following, or with respect to any equivalent procedure used by such agencies includes the following:
(1)
the
The
number of State depository institution charter applications received, approved, denied, withdrawn, or otherwise dispositioned by State banking regulators and State credit union regulators, with numbers for each State shown separately
;
.
(2)
the
The
mean and median times to approve such applications, with times for each State shown separately
;
.
and
(3)
To the extent practicable,
common reasons leading to denial or withdrawal of such applications.
… 9 unchanged passages …
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(a) In general. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration Board shall, jointly, and in consultation with State banking regulators and State credit union regulators, publish an annual report that includes the following, or with respect to any equivalent procedure used by such agencies includes the following:
(1) The number of State depository institution charter applications received, approved, denied, withdrawn, or otherwise dispositioned by State banking regulators and State credit union regulators, with numbers for each State shown separately.
(2) The mean and median times to approve such applications, with times for each State shown separately.
(3) To the extent practicable, common reasons leading to denial or withdrawal of such applications.
(b) Definitions. In this section:
(1) State. The term State means any State of the United States, the District of Columbia, and any territory of the United States.
(2) State bank. The term State bank means any bank, banking association, trust company, savings bank, industrial bank, or other banking institution incorporated under the laws of any State.
(3) State depository institution. The term State depository institution means—
(A) a State bank or a State savings association; and
(B) a State credit union, as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752).
(4) State savings association. The term State savings association means—
(A) any building and loan association, savings and loan association, or homestead association incorporated under the laws of any State; and
(B) any cooperative bank incorporated under the laws of any State that is not a State bank.