H.R. 5262 · On the floor · Finance and Financial Sector

Bank Competition Modernization Act

Sponsor: Scott Fitzgerald (R-WI)

What it does

• Exempts bank mergers involving entities with combined assets under $10 billion from antitrust review based on competitive impact, monopoly, or trade restraint factors.
• Requires annual adjustment of the $10 billion threshold to reflect increases in U.S. nominal GDP.
• Removes regulators' obligation to block mergers on competitive grounds when the combined entity falls below the threshold.

Official 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.

Latest action

Nov 4, 2025: Placed on the Union Calendar, Calendar No. 317.

Committee: House Financial Services