{"bill":{"id":"119-hr-6556","congress":119,"type":"HR","number":6556,"title":"Failing Bank Acquisition Fairness Act","originChamber":"House","introducedDate":"2025-12-10","sponsors":[{"bioguideId":"L000562","fullName":"Rep. Lynch, Stephen F. [D-MA-8]","party":"D","state":"MA","district":8}],"cosponsorsCount":1,"latestAction":{"actionDate":"2026-07-15","text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs."},"policyArea":"Finance and Financial Sector","subjects":["Administrative law and regulatory procedures","Bank accounts, deposits, capital","Banking and financial institutions regulation","Corporate finance and management","Economic performance and conditions","Federal Deposit Insurance Corporation (FDIC)","Financial crises and stabilization","Performance measurement"],"actions":[{"date":"2026-07-15","text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","type":"IntroReferral","chamber":"Senate","hasVote":false},{"date":"2026-07-14","text":"Motion to reconsider laid on the table Agreed to without objection.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-07-14","text":"On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4438-4440)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-07-14","text":"Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.","type":"Floor","chamber":"Library of Congress","hasVote":false},{"date":"2026-07-14","text":"DEBATE - The House proceeded with forty minutes of debate on H.R. 6556.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-07-14","text":"Considered under suspension of the rules. (consideration: CR H4438-4441)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-07-14","text":"Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-02-02","text":"Placed on the Union Calendar, Calendar No. 406.","type":"Calendars","chamber":"House floor actions","hasVote":false},{"date":"2026-02-02","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475.","type":"Committee","chamber":"House floor actions","hasVote":false},{"date":"2026-02-02","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2025-12-17","text":"Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-12-17","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-12-16","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-12-10","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-12-10","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-12-10","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Failing Bank Acquisition Fairness Act</strong></p><p>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&nbsp;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.</p><p>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)&nbsp;FDIC has not received a qualified bid from a company not subject to this concentration limit.</p><p>The bill also provides capitalization and management standards for qualified bids.</p><p>Regulators that waive these concentration limits must report to Congress on the circumstances and justification of the waiver.</p>","updateDate":"2026-07-17T23:34:39Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":547,"ts":"2026-08-28T08:39:35.977Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"https://simplefunctions.dev/api/public/query-gov?q=Failing%20Bank%20Acquisition%20Fairness%20Act"}]}}