{"bill":{"id":"118-hr-3914","congress":118,"type":"HR","number":3914,"title":"Failing Bank Acquisition Fairness Act","originChamber":"House","introducedDate":"2023-06-07","sponsors":[{"bioguideId":"L000562","fullName":"Rep. Lynch, Stephen F. [D-MA-8]","party":"D","state":"MA","district":8}],"cosponsorsCount":0,"latestAction":{"actionDate":"2023-06-07","text":"Referred to the House Committee on Financial Services."},"policyArea":"Finance and Financial Sector","subjects":[],"actions":[{"date":"2023-06-07","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2023-06-07","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2023-06-07","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":" <p><b>Failing Bank Acquisition Fairness Act</b></p> <p>This bill restricts the ability of large banks and financial companies to acquire banks in default or in danger of default if smaller institutions otherwise qualify. Specifically, if a merger with a bank in default results in one institution controlling more than a specified percentage of deposits or liabilities in the United States, regulators are prohibited from approving it, unless no other institution qualifies. </p>","updateDate":"2025-05-27T14:11:27Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":366,"ts":"2026-04-19T10:01:06.860Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=Failing%20Bank%20Acquisition%20Fairness%20Act"}]}}