Bank Competition Modernization Act

Summary

Bank Competition Modernization Act This bill allows financial regulators to approve certain bank mergers without considering if the merger is noncompetitive or monopolistic. Currently, regulators are prohibited from approving a bank acquisition, merger, or consolidation that would result in a monopoly, that would be in furtherance of a conspiracy or attempt to create a monopoly, the approval of which would substantially lessen competition, or that would otherwise restrain trade. The bill prohibits regulators from considering these factors for mergers that would result in an entity with less than $10 billion in assets. This threshold must be adjusted annually to reflect increases in the U.S. nominal gross domestic product.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Out of committee and scheduled for a vote by the full chamber.

House Committee on Financial Services · U.S. House of Representatives

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Related bills

• H.R. 6955Main Street ActRelated bill

As identified by Congress.gov.

Full history

1. Nov 4, 2025

   Placed on the Union Calendar, Calendar No. 317.

2. Nov 4, 2025

   Placed on the Union Calendar, Calendar No. 317.

3. Nov 4, 2025

   Introduced

   Placed on the Union Calendar, Calendar No. 317.

   U.S. House

4. Nov 4, 2025

   Placed on the Union Calendar, Calendar No. 317.

5. Nov 4, 2025

   Reported out of committee

   Reported (Amended) by the Committee on Financial Services. H. Rept. 119-365.

Read the record

• Read on Congress.gov (opens in a new tab) The official record on Congress.gov.