Requires stricter rules for big banks buying failed banks, boosting transparency.
This bill would make it harder for very large banks to buy smaller, failed banks by tightening rules that prevent too much concentration in the banking industry. Federal agencies would need strong proof that such a merger is truly necessary to avoid major economic problems and that no smaller, qualified buyers are available. These decisions would also be reported to Congress and made public, giving people more insight into how these mergers happen.
Today, federal agencies can approve mergers involving failed banks, sometimes waiving concentration limits without explicitly requiring proof of necessity to prevent major economic disruption or considering other qualified bids. The Federal Deposit Insurance Corporation's (FDIC) least-cost process can consider bids that violate these limits. With this bill, agencies would need clear proof of necessity and confirm no qualified alternative bids exist before waiving limits. The FDIC would be blocked from considering bids that violate concentration limits in its least-cost decisions, and all such waivers would require public reports to Congress.
HR 6556 · 119th Congress · December 10, 2025 · AI Summary by gemini-2.5-flash · 8/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.