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H.R. 6547119th CongressPlaced on the calendarLatest action Feb 2, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
The Least Cost Exception Act lets the FDIC choose a costlier bank-failure resolution to avoid selling to a G-SIB.
55-second read · 5 questions answered below
HR 6547 would allow the FDIC to bypass the usual "least-cost" rule when resolving a failed bank, specifically to avoid selling it to a global systemically important bank (G-SIB). To use this exception, the FDIC and Federal Reserve must agree, after consulting Treasury, that limiting concentration among mega-banks justifies the extra cost, and the FDIC must cap the added expense and report details to Congress within 30 days.
Bank regulators (FDIC, Federal Reserve, Treasury), large financial institutions like JPMorgan Chase or Bank of America, and taxpayers who back deposit insurance would all be affected.
The change would let regulators steer failed banks away from the largest mega-banks even when that costs the Deposit Insurance Fund more money, reshaping who can acquire failing competitors.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the House floor calendar, 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. 405.