Loading…
H.R. 6555119th CongressPlaced on the calendarLatest action Feb 25, 2026Decoded by AI · checked against the record
Official title: Enhancing Bank Resolution Participation Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The OCC and FDIC would have 270 days to study tools for handling bank failures and report to Congress.
40-second read · 4 questions answered below
The bill directs the OCC and FDIC to jointly study two tools used during bank failures: "shelf charters," which pre-approve investors to quickly start a new bank, and a "modified bidder qualification process," which lets non-bank companies bid on failed banks' assets. The study covers use of these tools since 2008, including whether they were considered during the 2023 failures of Silicon Valley Bank and Signature Bank.
Directly affects the OCC, FDIC, and Federal Reserve, which would conduct the study and consultations. Indirectly affects banks, potential bank investors, and the financial system if Congress later acts on the findings.
The bill does not change banking rules or authorize any takeovers itself; it requires regulators to spend time and resources producing a report that could inform future legislation.
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. 459.