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House bill · H.R. 6556 (119th Congress)

Failing Bank Acquisition Fairness Act

U.S. House of Representatives

Latest action Jul 15, 2026

Sponsor: Stephen F. Lynch (U.S. Representative, MA-8, Democratic)

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From Congress.gov and official rosters. This record was last updated Aug 3, 2026. About our data

Summary

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.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Passed one of the two chambers; it still needs the other.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

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

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Cosponsors

1

Cosponsors listed on Congress.gov, shown A to Z.

  • Democratic1

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Full history

  1. Jul 15, 2026

    In committee

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

    U.S. House

  2. Jul 15, 2026

    Sent to the executive

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

    U.S. Senate

  3. Jul 14, 2026

    Considered Under Suspension of the rules. (consideration: cr H4438-4441)

    Considered under suspension of the rules. (consideration: CR H4438-4441)

  4. Jul 14, 2026

    Considered Under Suspension of the rules. (consideration: cr H4438-4441)

    Considered under suspension of the rules. (consideration: CR H4438-4441)

  5. Jul 14, 2026

    Considered Under Suspension of the rules. (consideration: cr H4438-4441)

    Considered under suspension of the rules. (consideration: CR H4438-4441)

Show full history (23 earlier events)
  1. Jul 14, 2026

    Debate - the House Proceeded With Forty Minutes of Debate on H.R. 6556.

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

    U.S. House of Representatives

  2. Jul 14, 2026

    Passed a chamber

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

  3. Jul 14, 2026

    Passed a chamber

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

  4. Jul 14, 2026

    Passed a chamber

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

  5. Jul 14, 2026

    Passed a chamber

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

    U.S. House of Representatives

  6. Feb 2, 2026

    Placed on the Union Calendar, Calendar No. 406.

  7. Feb 2, 2026

    Placed on the Union Calendar, Calendar No. 406.

  8. Feb 2, 2026

    Placed on the Union Calendar, Calendar No. 406.

  9. Feb 2, 2026

    Reported out of committee

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

  10. Feb 2, 2026

    Reported out of committee

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

  11. Feb 2, 2026

    Reported out of committee

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

  12. Dec 17, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  13. Dec 17, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  14. Dec 17, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  15. Dec 17, 2025

    Reported out of committee

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

  16. Dec 17, 2025

    Reported out of committee

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

  17. Dec 17, 2025

    Reported out of committee

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

  18. Dec 16, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  19. Dec 16, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  20. Dec 16, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  21. Dec 10, 2025

    Introduced

    Introduced in House

    U.S. House of Representatives

  22. Dec 10, 2025

    Introduced

    Introduced in U.S. House

    U.S. House

  23. Dec 10, 2025

    Referred to committee

    Referred to the House Committee on Financial Services.

    U.S. House of Representatives

Read the record