H.R. 6551 · On the floor · Finance and Financial Sector

New BANK Act of 2025

What it does

Requires the Comptroller of the Currency to publish annual reports on the number, approval status, and processing times for national bank and Federal savings association charter applications.
Requires the National Credit Union Administration to publish annual reports on the number, approval status, and processing times for Federal credit union charter applications.
Requires the Federal Reserve Board to publish annual reports on the number, approval status, and processing times for depository institution holding company applications.
Requires the Federal Deposit Insurance Corporation to publish annual reports on the number, approval status, and processing times for deposit insurance applications.
Requires the Federal Reserve Board, Federal Deposit Insurance Corporation, and National Credit Union Administration to jointly publish annual reports on State depository institution and credit union charter applications, broken down by State.

Feb 25, 2026: Placed on the Union Calendar, Calendar No. 455.

Committee: House Financial Services