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H.R. 1900119th CongressPlaced on the calendarLatest action Jun 4, 2025Decoded by AI · checked against the record
Official title: Bank Failure Prevention Act of 2025
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
Bank merger applications would be automatically approved if the Fed misses a strict 90-day review deadline.
45-second read · 4 questions answered below
This bill requires the Federal Reserve to notify bank holding companies within 30 or 60 days whether their merger application is complete. It sets a firm 90-day deadline from the original submission date for the Fed to approve or deny the application, with automatic approval if the deadline is missed. It also limits the Fed's completeness review to applicant-provided information only, excluding outside input from groups like community organizations or competitors.
Bank holding companies and savings and loan holding companies seeking mergers or acquisitions are directly affected, as is the Federal Reserve, which loses flexibility to extend reviews. Consumers and communities are indirectly affected.
Faster, firmer deadlines reduce the Fed's ability to extend reviews of complex mergers and limit outside parties' opportunities to raise concerns about local banking access, competition, or financial stability.
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. 101.