H.R. 6556

119th Congress

In Committee

Failing Bank Acquisition Fairness Act

Sponsored byDemocrat:Rep. Lynch, Stephen F. [D-MA-8]MA· Introduced 10 December 2025
Open on Congress.gov

1

Cosponsors

16

Actions

0

Amendments

1

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

15 July 2026·1 week ago

Summary

Introduced in House · Updated 1 July 2026

Failing Bank Acquisition Fairness Act

This 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.

Timeline

16 actions

  1. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    15 July 2026 · IntroReferral

  2. Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

    14 July 2026 · Floor

  3. Considered under suspension of the rules.

    14 July 2026 · Floor

  4. Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

    14 July 2026 · Floor

  5. DEBATE - The House proceeded with forty minutes of debate on H.R. 6556.

    14 July 2026 · Floor

  6. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

    14 July 2026 · Floor

  7. Motion to reconsider laid on the table Agreed to without objection.

    14 July 2026 · Floor

  8. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

    14 July 2026 · Floor

  9. Placed on the Union Calendar, Calendar No. 406.

    2 February 2026 · Calendars

  10. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475.

    2 February 2026 · Committee

  11. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475.

    2 February 2026 · Committee

  12. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475.

    2 February 2026 · Committee

  13. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475.

    2 February 2026 · Committee

  14. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-475.

    2 February 2026 · Committee

  15. Placed on the Union Calendar, Calendar No. 406.

    2 February 2026 · Calendars

  16. Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.

    17 December 2025 · Committee

  17. Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.

    17 December 2025 · Committee

  18. Committee Consideration and Mark-up Session Held

    17 December 2025 · Committee

  19. Committee Consideration and Mark-up Session Held

    17 December 2025 · Committee

  20. Committee Consideration and Mark-up Session Held

    17 December 2025 · Committee

Sponsorship

1 cosponsors

Sponsor

Democrat:Rep. Lynch, Stephen F. [D-MA-8]MA

Cosponsors

  • Democrat1100%

Classification

Policy area

Finance and Financial Sector

Legislative 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

1

  • Financial Services Committee

    House · Standing

    • Referred To10 Dec 2025
    • Markup By16 Dec 2025
    • Markup By17 Dec 2025
    • Reported By2 Feb 2026

Reports

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