Failing Bank Acquisition Fairness Act
118-HR-3914118th CongressIntroduced Jun 7, 2023Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on Financial Services.
Sponsor
Rep. Lynch, Stephen F. [D-MA-8](D-MA-8)Summary
Failing Bank Acquisition Fairness Act
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.
Actions (3)
Referred to the House Committee on Financial Services.
Jun 7, 2023House floor actions
Introduced in House
Jun 7, 2023Library of Congress
Introduced in House
Jun 7, 2023Library of Congress