H.R. 6556: Failing Bank Acquisition Fairness Act
A House bill (H.R.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | House bill (H.R.) |
| Originating chamber | House |
| Introduced | 2025-12-10 |
| Sponsor | Rep. Lynch, Stephen F. [D-MA-8] |
| Policy area | Finance and Financial Sector |
| Cosponsors | 1 |
| Latest action | 2026-07-15 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-07-18 |
Summary
Official summary (Introduced in House, 2025-12-10):
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.
Cosponsors (1)
| Name | Party / state |
|---|---|
| Josh Gottheimer | D NJ 2025-12-16 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for H.R. 6556 are published by Congress on congress.gov.
View H.R. 6556 on congress.gov →
Frequently asked questions
What is H.R. 6556?
H.R. 6556 is a House bill (H.R.) introduced in the 119th U.S. Congress, originating in the House. Official title: Failing Bank Acquisition Fairness Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for H.R. 6556 are available on congress.gov.
Bill data: congress.gov API (official congressional records).