Bill sets 90-day Fed deadline for bank merger reviews, with default approval
Placed on the calendarH.R. 1900Latest action
Sponsor: Andy Barr · Representative · KY
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Official title: Bank Failure Prevention Act of 2025
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Bank merger applications would be automatically approved if the Fed misses a strict 90-day review deadline.
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What does this do?
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.
Who does it affect?
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.
Why does it matter?
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.
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Where does it stand?
- IntroducedMar 6, 2025
- House committee
- House voteYou are here · Jun 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. 101.