[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"current-user-roles":3,"user-subscription":3,"bill:119-hr-6547":4},null,{"bill":5,"indexable":160,"summaries":161,"cosponsors":167,"cosponsorSlugs":192,"actions":197,"amendments":256,"amendmentSponsorSlugs":257,"linkages":258,"sponsorSlug":259},{"statusDate":6,"sponsor":7,"cboCostEstimates":15,"originChamber":16,"congress":17,"isByRequest":18,"title":19,"createdAt":20,"cosponsorCount":21,"onBehalfOfSponsor":3,"adminOverride":3,"amendmentCount":22,"actionCount":23,"popularTitle":3,"laws":3,"billType":24,"introducedDate":25,"congressGovUrl":26,"constitutionalAuthority":27,"policyArea":28,"deletedAt":3,"latestAction":29,"billNumber":31,"cosponsorCountIncludingWithdrawn":21,"status":32,"keyMilestoneCount":33,"subjects":34,"policyAreaLower":43,"committeeReports":44,"committees":48,"committeeCodes":66,"updateDate":67,"shortTitle":19,"officialTitle":68,"updatedAt":69,"searchTokens":70},"2026-02-02",{"firstName":8,"lastName":9,"district":10,"fullName":11,"state":12,"party":13,"bioguideId":14},"Mike","Flood","1","Rep. Flood, Mike [R-NE-1]","NE","R","F000474",[],"House",119,false,"Least Cost Exception Act","2026-05-14T00:16:58.135Z",4,0,9,"hr","2025-12-10","https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fhouse-bill\u002F6547","\u003Cpre>\n[Congressional Record Volume 171, Number 208 (Wednesday, December 10, 2025)]\n[House]\nFrom the Congressional Record Online through the Government Publishing Office [\u003Ca href=\"https:\u002F\u002Fwww.gpo.gov\">www.gpo.gov\u003C\u002Fa>]\nBy Mr. FLOOD:\nH.R. 6547.\nCongress has the power to enact this legislation pursuant\nto the following:\nArticle I, Section 8, Clause 18 of the U.S. Constitution\n[Page H5561]\n\u003C\u002Fpre>","Finance and Financial Sector",{"date":6,"text":30},"Placed on the Union Calendar, Calendar No. 405.",6547,"reported",2,[35,36,37,38,39,40,41,42],"Accounting and auditing","Bank accounts, deposits, capital","Banking and financial institutions regulation","Congressional oversight","Corporate finance and management","Federal Deposit Insurance Corporation (FDIC)","Performance measurement","User charges and fees","finance and financial sector",[45],{"citation":46,"url":47},"H. Rept. 119-474","https:\u002F\u002Fwww.congress.gov\u002Fcongressional-report\u002F119th-congress\u002Fhouse-report\u002F474",[49],{"name":50,"systemCode":51,"chamber":16,"activities":52,"subcommittees":64,"type":65},"Financial Services Committee","hsba00",[53,56,59,61],{"name":54,"date":55},"Referred To","2025-12-10T15:01:30Z",{"name":57,"date":58},"Markup By","2025-12-16T17:44:16Z",{"name":57,"date":60},"2025-12-17T17:44:25Z",{"name":62,"date":63},"Reported By","2026-02-02T15:18:35Z",[],"Standing",[51],"2026-07-17T23:34:39Z","To amend the Federal Deposit Insurance Act to provide an exception to the least-cost resolution requirement, and for other purposes.","2026-07-18T00:47:00.041Z",[71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137,138,139,140,141,142,143,144,145,146,147,148,149,150,151,152,153,154,155,156,157,158,159],"least","le","lea","leas","cost","co","cos","exception","ex","exc","exce","excep","except","excepti","exceptio","act","to","amend","am","ame","amen","the","federal","fe","fed","fede","feder","federa","deposit","de","dep","depo","depos","deposi","insurance","in","ins","insu","insur","insura","insuran","insuranc","provide","pr","pro","prov","provi","provid","an","resolution","re","res","reso","resol","resolu","resolut","resoluti","resolutio","requirement","req","requ","requi","requir","require","requirem","requireme","requiremen","and","for","other","ot","oth","othe","purposes","pu","pur","purp","purpo","purpos","purpose","rep","flood","fl","flo","floo","mike","mi","mik","ne",true,[162],{"versionCode":163,"actionDate":6,"actionDesc":164,"text":165,"updateDate":166},"07","Reported to House","\u003Cp>\u003Cstrong>Least Cost Exception Act\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>This bill allows the Federal Deposit Insurance Corporation (FDIC) to waive the least-cost resolution requirement for failed insured depository institutions and use alternative methods of resolution, particularly alternatives that do not involve global systemically important banks (G-SIBs).\u003C\u002Fp>\u003Cp>Under current law, the FDIC must use the resolution method (such as a deposit payoff or the purchase and assumption of a bank’s assets and liabilities) that costs the FDIC's Deposit Insurance Fund the least to implement when an insured depository institution fails.\u003C\u002Fp>\u003Cp>The bill provides an exception to this requirement if the following criteria are met:\u003C\u002Fp>\u003Cul>\u003Cli>the alternative method is the least costly of all alternatives that do not involve a G-SIB and that do not exceed the cost of liquidation;\u003C\u002Fli>\u003Cli>the difference in cost between the selected alternative and the cost of a resolution involving a purchase and assumption by a G-SIB is less than a maximum cost as established by rule;\u003C\u002Fli>\u003Cli>if the alternative involves a person purchasing assets or assuming liabilities, that person must pay an assessment to the FDIC; and\u003C\u002Fli>\u003Cli>it is determined that the risks to the fund are outweighed by the benefits of limiting the concentration of U.S. banking under G-SIBs.\u003C\u002Fli>\u003C\u002Ful>\u003Cp>FDIC must issue a report on any use of the exception established by this bill containing an analysis of the economic impact of cost differences between the selected alternative and the least-cost alternative.\u003C\u002Fp>","2026-04-08T19:37:27Z",[168,174,181,187],{"bioguideId":169,"fullName":170,"party":13,"state":171,"district":172,"sponsorshipDate":173,"isOriginalCosponsor":18,"withdrawn":18,"sponsorshipWithdrawnDate":3},"L000599","Rep. 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