Bank Failure Prevention Act of 2025
Sponsored By: Representative Barr
In Committee
Summary
Creates a clear, time‑bound process to decide bank, thrift, and insured depository merger and acquisition applications by requiring fast completeness checks and a 90‑day decision deadline. The bill would standardize how completeness is judged and limit what agencies may use to decide completeness.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Faster approvals for bank and thrift holding companies
This bill would set firm clocks on reviews for bank and thrift holding companies. Regulators would have 30 days to say if an application is complete, with one extra 30 days for complex filings. After the applicant replies, the file would count as complete unless regulators send a detailed “material deficiency” notice within 30 days. Regulators could only judge completeness using information the applicant provides, not third‑party data. A final approve-or-deny decision would be due within 90 days of the first filing. If regulators do not act in 90 days, it would be treated as approved, with at most 30 more days allowed if the applicant asks.
Faster decisions on bank mergers
This bill would speed merger reviews for insured banks. Agencies would have 30 days to say if a merger application is complete, with one extra 30 days for unusually complex cases. After the applicant replies, the record would be complete unless the agency cites material deficiencies within 30 days. Agencies could not rely on third‑party information to decide completeness. A final yes-or-no decision would be due within 90 days of the first filing. If the agency does not act in 90 days, the merger would be treated as approved, with at most 30 more days allowed if the applicant asks.
Sponsors & CoSponsors
Sponsor
Barr
KY • R
Cosponsors
Fitzgerald
WI • R
Sponsored 3/6/2025
Rep. Meuser, Daniel [R-PA-9]
PA • R
Sponsored 5/8/2025
Sessions
TX • R
Sponsored 5/19/2025
Roll Call Votes
No roll call votes available for this bill.
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