{"bill":{"id":"119-hr-5262","congress":119,"type":"HR","number":5262,"title":"Bank Competition Modernization Act","originChamber":"House","introducedDate":"2025-09-10","sponsors":[{"bioguideId":"F000471","fullName":"Rep. Fitzgerald, Scott [R-WI-5]","party":"R","state":"WI","district":5}],"cosponsorsCount":0,"latestAction":{"actionDate":"2025-11-04","text":"Placed on the Union Calendar, Calendar No. 317."},"policyArea":"Finance and Financial Sector","subjects":["Bank accounts, deposits, capital","Banking and financial institutions regulation","Business records","Competition and antitrust","Corporate finance and management","Performance measurement"],"actions":[{"date":"2025-11-04","text":"Placed on the Union Calendar, Calendar No. 317.","type":"Calendars","chamber":"House floor actions","hasVote":false},{"date":"2025-11-04","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-365.","type":"Committee","chamber":"House floor actions","hasVote":false},{"date":"2025-11-04","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-365.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2025-09-16","text":"Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-09-16","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-09-10","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-09-10","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-09-10","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Bank Competition Modernization Act</strong></p><p>This bill allows financial regulators to approve certain bank mergers without&nbsp;considering if the merger is noncompetitive or monopolistic.</p><p>Currently, regulators are prohibited from approving a bank acquisition, merger, or consolidation that would result in a monopoly, that would be in furtherance of a conspiracy or attempt to create a monopoly, the approval of which would substantially lessen competition, or that would otherwise restrain trade.</p><p>The bill prohibits regulators from considering these factors&nbsp;for mergers that would result in an entity with less than $10 billion in assets. This threshold must be adjusted annually to reflect increases in the U.S. nominal gross domestic product.</p>","updateDate":"2026-04-03T18:58:40Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":379,"ts":"2026-04-19T09:48:04.971Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=Bank%20Competition%20Modernization%20Act"}]}}