HR 6551 — New BANK Act of 2025

6551 IntroducedReported in House (IH)](RH)] <DOC> 119thUnion CONGRESSCalendar 1stNo. Session H.

455 119th CONGRESS 2d Session H.

6551 To[Report requireNo. annual reports on national bank and Federal savings association charter applications, depository institution holding company applications, Federal deposit insurance applications, and State depository institution charter applications, and for other purposes.

119-530] To require annual reports on national bank and Federal savings association charter applications, depository institution holding company applications, Federal deposit insurance applications, and State depository institution charter applications, and for other purposes.

which was referred to the Committee on Financial Services _______________________________________________________________________February A25, BILL2026 ToAdditional requiresponsors: annual reports on national bank and Federal savings association charter applications, depository institution holding company applications, Federal deposit insurance applications, and State depository institution charter applications, and for other purposes.

Mr.

Gottheimer and Mr.

Lawler February 25, 2026 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed [Strike out all after the enacting clause and insert the part printed in italic] [For text of introduced bill, see copy of bill as introduced on December 10, 2025] _______________________________________________________________________ A BILL To require annual reports on national bank and Federal savings association charter applications, depository institution holding company applications, Federal deposit insurance applications, and State depository institution charter applications, and for other purposes.

The Comptroller of the Currency shall publish an annual report that includes--includes (1) the numberfollowing, ofor nationalwith bankrespect andto Federalany savingsequivalent associationprocedure charterused applicationsby received,the approvedOffice onof aComptroller preliminaryof basis,the approvedCurrency onincludes athe finalfollowing: basis, denied, withdrawn, expired, mooted, or returned;

(2)(1) theThe meannumber of national bank and medianFederal timessavings forassociation charter applications received, approved on a preliminary approvalbasis, ofapproved suchon applications;a final basis, denied, withdrawn, expired, mooted, or returned.

(3)(2) theThe mean and median times for finalpreliminary approval of such applications;applications.

and(3) (4)The commonmean reasonsand leadingmedian totimes denial,for withdrawal,final or expiration of preliminary approval of such applications.

(4) To the extent practicable, common reasons leading to the denial, withdrawal, or expiration of preliminary approval of such applications.

The National Credit Union Administration Board shall publish an annual report that includes--includes (1) the numberfollowing, ofor Federalwith creditrespect unionto charterany applicationsequivalent received,procedure proofsused ofby conceptthe established,Administration approvedincludes onthe afollowing: final basis, denied, withdrawn, expired, mooted, or returned;

(2)(1) theThe meannumber andof medianFederal timescredit tounion establishcharter proofapplications ofreceived, conceptapproved foron sucha applications;final basis, denied, withdrawn, inactive, or returned pending resubmission.

(3)(2) theThe mean and median times for final approval of such applications;applications.

and(3) (4)To the extent practicable, common reasons leading to application denial, withdrawal, inactivity, or expirationto ofapplications establishmentbeing ofreturned prooffor ofresubmission. concept of such applications.

The Board of Governors of the Federal Reserve System shall publish an annual report that includes--includes (1) the numberfollowing, ofor applicationswith respect to becomeany aequivalent top-tierprocedure depositoryused institutionby holdingthe companyBoard received,of approved,Governors denied,includes withdrawn,the mooted,following: or returned;

(2)(1) theThe meannumber andof medianapplications times to approvebecome sucha applications;top-tier depository institution holding company received, approved, denied, withdrawn, mooted, or returned.

and(2) (3)The commonmean reasonsand leadingmedian times to denialapprove or withdrawal of such applications.

(3) To the extent practicable, common reasons leading to denial or withdrawal of such applications.

The Federal Deposit Insurance Corporation shall publish an annual report that includes--includes (1) the numberfollowing, ofor applicationswith forrespect depositto insuranceany received,equivalent approved,procedure denied,used withdrawn,by mooted,the orCorporation returned;includes the following:

(2)(1) theThe meannumber andof medianapplications timesfor todeposit approveinsurance suchreceived, applications;approved, denied, withdrawn, mooted, or returned.

and(2) (3)The commonmean reasonsand leadingmedian times to denialapprove or withdrawal of such applications.

(3) To the extent practicable, common reasons leading to denial or withdrawal of such applications.

(a) In General.--The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration Board shall, jointly, and in consultation with State banking regulators and State credit union regulators, publish an annual report that includes--includes (1) the numberfollowing, ofor Statewith depositoryrespect institutionto charterany applicationsequivalent received,procedure approved,used denied, withdrawn, or otherwise dispositioned by Statesuch bankingagencies regulatorsincludes andthe Statefollowing: credit union regulators, with numbers for each State shown separately;

(2)(1) theThe meannumber andof medianState timesdepository toinstitution approvecharter suchapplications applications,received, approved, denied, withdrawn, or otherwise dispositioned by State banking regulators and State credit union regulators, with timesnumbers for each State shown separately;separately.

and(2) (3)The commonmean reasonsand leadingmedian times to denialapprove orsuch withdrawalapplications, ofwith suchtimes applications.for each State shown separately.

(3) To the extent practicable, common reasons leading to denial or withdrawal of such applications.

<all>Union Calendar No.

455 119th CONGRESS 2d Session H.

R.

6551 [Report No.

119-530] _______________________________________________________________________ A BILL To require annual reports on national bank and Federal savings association charter applications, depository institution holding company applications, Federal deposit insurance applications, and State depository institution charter applications, and for other purposes.

_______________________________________________________________________ February 25, 2026 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed