Bill Tracker / 119th Congress / H.R. 6556
H.R. 6556 · 119th Congress
Failing Bank Acquisition Fairness Act
Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — 07/15/2026
What This Bill Does
Failing Bank Acquisition Fairness Act
This bill tightens restrictions on certain waivers granted by federal financial regulators to companies that acquire insured depository institutions. Under current law, a regulator may not approve an acquisition if it would result in an institution exceeding a set concentration limit (i.e., controlling more than 10% of total insured U.S. deposits). This may be waived if one or more of the institutions involved is in default or in danger of default or if the Federal Deposit Insurance Corporation (FDIC) is providing certain assistance.
In addition to these requirements, the bill requires the regulator to determine that (1) the merger is necessary to prevent significant economic disruption or financial instability, and (2) FDIC has not received a qualified bid from a company not subject to this concentration limit.
The bill also provides capitalization and management standards for qualified bids.
Regulators that waive these concentration limits must report to Congress on the circumstances and justification of the waiver.
Summary as of 12/10/2025, via Congress.gov / Congressional Research Service.