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H.R. 6556 House Finance and Financial Sector

Failing Bank Acquisition Fairness Act

Introduced
Dec 10, 2025
Sponsor
Rep. Lynch, Stephen F. (D-MA-8)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on banking, housing, and urban affairs on Jul 15, 2026.

  1. House Introduced in House Dec 10, 2025
  2. House Referred to the House Committee on Financial Services. Dec 10, 2025
  3. House Committee Consideration and Mark-up Session Held Dec 16, 2025
  4. House Committee Consideration and Mark-up Session Held Dec 17, 2025
  5. House Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0. Dec 17, 2025
  6. House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475. Feb 2, 2026
  7. House Placed on the Union Calendar, Calendar No. 406. Feb 2, 2026
  8. House Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. Jul 14, 2026
  9. House Considered under suspension of the rules. (consideration: CR H4438-4441) Jul 14, 2026
  10. House DEBATE - The House proceeded with forty minutes of debate on H.R. 6556. Jul 14, 2026
  11. House Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. Jul 14, 2026
  12. House On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4438-4440) Jul 14, 2026
  13. House Motion to reconsider laid on the table Agreed to without objection. Jul 14, 2026
  14. Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Jul 15, 2026

Cosponsors

1

Subjects

Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationCorporate finance and managementEconomic performance and conditionsFederal Deposit Insurance Corporation (FDIC)Financial crises and stabilizationPerformance measurement

Committees

  • Banking, Housing, and Urban Affairs Committee
    • [Referred To, Jul 15, 2026]
  • Financial Services Committee
    • [Reported By, Feb 2, 2026]
    • [Markup By, Dec 17, 2025]
    • [Markup By, Dec 16, 2025]
    • [Referred To, Dec 10, 2025]

Summary

Failing Bank Acquisition Fairness ActThis bill tightens restrictions on certain waivers granted by federal financial regulators to companies that acquire insured depository institutions. Under current law, a regulator may not approve an acquisition if it would result in an institution exceeding a set concentration limit (i.e., controlling more than 10% of total insured U.S. deposits). This may be waived if one or more of the institutions involved is in default or in danger of default or if the Federal Deposit Insurance Corporation (FDIC) is providing certain assistance.In addition to these requirements, the bill requires the regulator to determine that (1) the merger is necessary to prevent significant economic disruption or financial instability, and (2) FDIC has not received a qualified bid from a company not subject to this concentration limit.The bill also provides capitalization and management standards for qualified bids.Regulators that waive these concentration limits must report to Congress on the circumstances and justification of the waiver.

[Summary as of: Introduced in House]

Bill Text

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