Bill would fast-track bank mergers under $10 billion in assets
Placed on the calendarH.R. 5262Latest action
Sponsor: Scott Fitzgerald · Representative · WI
AIDecoded by AI · checked against the recordRead the official text
Official title: Bank Competition Modernization Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Mergers creating banks with under $10 billion in combined assets would win automatic antitrust approval under this bill.
40-second read · 4 questions answered below
What does this do?
This bill requires regulators to weigh competition from credit unions, farm credit lenders, industrial loan companies, and other nonbank firms, not just other banks, when reviewing bank mergers. It also creates an automatic approval rule: mergers resulting in a combined bank under $10 billion in assets must be found to not hurt competition or create a monopoly, with no further analysis required.
Who does it affect?
Banks and savings institutions seeking to merge, especially smaller and mid-sized ones, plus regulators including the Federal Reserve, FDIC, and Office of the Comptroller of the Currency.
Why does it matter?
Easier approval for smaller mergers could increase merger activity in that size range, which may change the number of local banking options available to customers.
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Where does it stand?
- IntroducedSep 10, 2025
- House committee
- House voteYou are here · Nov 4, 2025
- Senate
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Placed on the Union Calendar, Calendar No. 317.