Bank Competition Modernization Act
119-HR-5262119th CongressIntroduced Sep 10, 2025Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Placed on the Union Calendar, Calendar No. 317.
Sponsor
Rep. Fitzgerald, Scott [R-WI-5](R-WI-5)Summary
Bank Competition Modernization Act
This bill allows financial regulators to approve certain bank mergers without considering if the merger is noncompetitive or monopolistic.
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.
The bill prohibits regulators from considering these factors 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.
Subjects
Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness recordsCompetition and antitrustCorporate finance and managementPerformance measurement
Actions (8)
Placed on the Union Calendar, Calendar No. 317.
Nov 4, 2025House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-365.
Nov 4, 2025House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-365.
Nov 4, 2025Library of Congress
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.
Sep 16, 2025House committee actions
Committee Consideration and Mark-up Session Held
Sep 16, 2025House committee actions
Referred to the House Committee on Financial Services.
Sep 10, 2025House floor actions
Introduced in House
Sep 10, 2025Library of Congress
Introduced in House
Sep 10, 2025Library of Congress