H.R. 6551

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6551 Reported in House (RH)]

<DOC>

Union Calendar No. 455
119th CONGRESS
2d Session
H. R. 6551

[Report No. 119-530]

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

February 25, 2026

Additional sponsors: Mr. Gottheimer and Mr. Lawler

February 25, 2026

Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed 
in italic]
[For text of introduced bill, see copy of bill as introduced on 
December 10, 2025]

_______________________________________________________________________

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 the following, or with respect to any equivalent procedure 
used by the Office of Comptroller of the Currency includes the 
following:
(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withdrawn, expired, mooted, or returned.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.
(4) To the extent practicable, common reasons leading to 
the 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 shall publish an annual 
report that includes the following, or with respect to any equivalent 
procedure used by the Administration includes the following:
(1) The number of Federal credit union charter applications 
received, approved on a final basis, denied, withdrawn, 
inactive, or returned pending resubmission.
(2) The mean and median times for final approval of such 
applications.
(3) To the extent practicable, common reasons leading to 
application denial, withdrawal, inactivity, or to applications 
being returned for resubmission.

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 the following, or with respect to any 
equivalent procedure used by the Board of Governors includes the 
following:
(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.
(3) To the extent practicable, 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 the following, or with respect to any equivalent 
procedure used by the Corporation includes the following:
(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.
(3) To the extent practicable, 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 the following, or with respect 
to any equivalent procedure used by such agencies includes the 
following:
(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.
(3) To the extent practicable, 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.
Union Calendar No. 455

119th CONGRESS

2d Session

H. R. 6551

[Report No. 119-530]

_______________________________________________________________________

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.

_______________________________________________________________________

February 25, 2026

Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed