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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6551 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 6551
To require annual reports on national bank and Federal savings
association charter applications, depository institution holding
company applications, Federal deposit insurance applications, and State
depository institution charter applications, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 10, 2025
Mr. Loudermilk introduced the following bill; which was referred to the
Committee on Financial Services
_______________________________________________________________________
A BILL
To require annual reports on national bank and Federal savings
association charter applications, depository institution holding
company applications, Federal deposit insurance applications, and State
depository institution charter applications, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``New Bank Application Numbers
Knowledge Act of 2025'' or the ``New BANK Act of 2025''.
SEC. 2. ANNUAL REPORT ON NATIONAL BANK AND FEDERAL SAVINGS ASSOCIATION
CHARTER APPLICATIONS.
The Comptroller of the Currency shall publish an annual report that
includes--
(1) the number of national bank and Federal savings
association charter applications received, approved on a
preliminary basis, approved on a final basis, denied,
withdrawn, expired, mooted, or returned;
(2) the mean and median times for preliminary approval of
such applications;
(3) the mean and median times for final approval of such
applications; and
(4) common reasons leading to denial, withdrawal, or
expiration of preliminary approval of such applications.
SEC. 3. ANNUAL REPORT ON FEDERAL CREDIT UNION CHARTER APPLICATIONS.
The National Credit Union Administration Board shall publish an
annual report that includes--
(1) the number of Federal credit union charter applications
received, proofs of concept established, approved on a final
basis, denied, withdrawn, expired, mooted, or returned;
(2) the mean and median times to establish proof of concept
for such applications;
(3) the mean and median times for final approval of such
applications; and
(4) common reasons leading to denial, withdrawal, or
expiration of establishment of proof of concept of such
applications.
SEC. 4. ANNUAL REPORT ON DEPOSITORY INSTITUTION HOLDING COMPANY
APPLICATIONS.
The Board of Governors of the Federal Reserve System shall publish
an annual report that includes--
(1) the number of applications to become a top-tier
depository institution holding company received, approved,
denied, withdrawn, mooted, or returned;
(2) the mean and median times to approve such applications;
and
(3) common reasons leading to denial or withdrawal of such
applications.
SEC. 5. ANNUAL REPORT ON FEDERAL DEPOSIT INSURANCE APPLICATIONS.
The Federal Deposit Insurance Corporation shall publish an annual
report that includes--
(1) the number of applications for deposit insurance
received, approved, denied, withdrawn, mooted, or returned;
(2) the mean and median times to approve such applications;
and
(3) common reasons leading to denial or withdrawal of such
applications.
SEC. 6. ANNUAL REPORT ON STATE DEPOSITORY INSTITUTION AND STATE CREDIT
UNION CHARTER APPLICATIONS.
(a) In General.--The Board of Governors of the Federal Reserve
System, the Federal Deposit Insurance Corporation, and the National
Credit Union Administration Board shall, jointly, and in consultation
with State banking regulators and State credit union regulators,
publish an annual report that includes--
(1) the number of State depository institution charter
applications received, approved, denied, withdrawn, or
otherwise dispositioned by State banking regulators and State
credit union regulators, with numbers for each State shown
separately;
(2) the mean and median times to approve such applications,
with times for each State shown separately; and
(3) common reasons leading to denial or withdrawal of such
applications.
(b) Definitions.--In this section:
(1) State.--The term ``State'' means any State of the
United States, the District of Columbia, and any territory of
the United States.
(2) State bank.--The term ``State bank'' means any bank,
banking association, trust company, savings bank, industrial
bank, or other banking institution incorporated under the laws
of any State.
(3) State depository institution.--The term ``State
depository institution'' means--
(A) a State bank or a State savings association;
and
(B) a State credit union, as defined in section 101
of the Federal Credit Union Act (12 U.S.C. 1752).
(4) State savings association.--The term ``State savings
association'' means--
(A) any building and loan association, savings and
loan association, or homestead association incorporated
under the laws of any State; and
(B) any cooperative bank incorporated under the
laws of any State that is not a State bank.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held
Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 0.
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