H.R. 1900 · On the floor · Finance and Financial Sector

Bank Failure Prevention Act of 2025

Sponsor: Andy Barr (R-KY)

What it does

• Require the Federal Reserve Board to notify applicants within a specified time period whether a bank merger or acquisition application is complete or needs additional information.
• Mandate that the Federal Reserve Board grant or deny bank merger and acquisition applications no later than 90 days after initial submission, regardless of completeness status.
• Prohibit the Federal Reserve Board from basing merger and acquisition determinations on information provided by third parties.

Official summary

Bank Failure Prevention Act of 2025 This bill revises the Federal Reserve Board’s review process of merger and acquisition applications for bank holding companies. Specifically, the board must notify the applicant within a certain time period regarding whether the application is complete or if additional information is required. The board must grant or deny such an application no later than 90 days after submission, regardless of whether the application was deemed complete. (Currently, the board must grant or deny an application no later than 90 days after receipt of a complete application.) In addition, the board is prohibited from basing such application determinations on information provided by third parties.

Latest action

Jun 4, 2025: Placed on the Union Calendar, Calendar No. 101.

Committee: House Financial Services