# 119-hr-6547: Least Cost Exception Act

119-hr-6547, Least Cost Exception Act, is a 119th Congress bill sponsored by Rep. Flood, Mike [R-NE-1] (R-NE); status in_committee; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-6547
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-6547
- Congress: 119
- Title: Least Cost Exception Act
- Status: in_committee
- Introduced: 2025-12-10
- Sponsor: Rep. Flood, Mike [R-NE-1] (R-NE)
- Cosponsors: 4
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Allow FDIC to pick a non‑least‑cost resolution to limit concentration in global systemically important banks (G‑SIBs).** This bill would create a narrow exception letting the FDIC, after consulting the Federal Reserve and the Treasury, accept a higher short‑term cost to the Deposit Insurance Fund if that cost is outweighed by benefits that reduce concentration in G‑SIBs. - FDIC and DIF: Would let the FDIC choose an alternative that is not the least costly if the Fed and Treasury agree the benefits of limiting G‑SIB concentration outweigh added risk. The FDIC must set a maximum allowable cost by rule within 1 year. - Buyers of assets or deposits: If a purchaser acquires assets or assumes deposit liabilities under the exception it must pay an assessment spread over at least 5 years to cover the added DIF cost, with the FDIC setting the discounting rules. - Oversight and transparency: The FDIC must report to House and Senate banking committees within 30 days after using the exception and explain the economic difference versus the least‑cost option.

## Cosponsors (4)

- Rep. Foster, Bill [D-IL-11] (D-IL), 2025-12-16T00:00:00.000Z
- Rep. Rose, John W. [R-TN-6] (R-TN), 2025-12-16T00:00:00.000Z
- Rep. Moskowitz, Jared [D-FL-23] (D-FL), 2025-12-18T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-01-12T00:00:00.000Z

## Provisions PRIA read

- FDIC could favor smaller bank buyers: mixed, high. This bill would let the FDIC pick a resolution that is not the cheapest for the Deposit Insurance Fund in some failed-bank cases. The FDIC and the Federal Reserve would have to jointly find, after consulting Treasury, that limiting big global banks is worth the extra DIF risk. The chosen option wou…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-1151: Freedom to Invest in Tomorrow’s Workforce Act
- 119-hr-909: Crime Victims Fund Stabilization Act of 2025

## Sources
- [119-hr-6547 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/6547)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-1151: Freedom to Invest in Tomorrow’s Workforce Act](https://policyrisk.com/legislation/119-hr-1151)
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-6547 (as of 2026-09-21).