H.R. 6555

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6555 Reported in House (RH)]

<DOC>

Union Calendar No. 459
119th CONGRESS
2d Session
H. R. 6555

[Report No. 119-534]

To require the Comptroller of the Currency and the Federal Deposit 
Insurance Corporation to carry out a study on shelf charters and 
modified bidder qualification processes, and for other purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

December 10, 2025

Mr. Huizenga 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 the Comptroller of the Currency and the Federal Deposit 
Insurance Corporation to carry out a study on shelf charters and 
modified bidder qualification processes, 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 ``Enhancing Bank Resolution 
Participation Act''.

SEC. 2. STUDY ON SHELF CHARTERS AND MODIFIED BIDDER QUALIFICATION 
PROCESSES.

(a) Study.--The Comptroller of the Currency, the Federal Deposit 
Insurance Corporation, and the Board of the Governors of the Federal 
Reserve System shall, jointly, carry out a study of--
(1) the use by the Comptroller of the Currency of shelf 
charters, including all conditional or preliminary shelf 
charter approvals granted between January 1, 2008, and the date 
of enactment of this Act;
(2) the use by the Federal Deposit Insurance Corporation of 
the modified bidder qualification process;
(3) the application of the Bank Holding Company Act of 1956 
(12 U.S.C. 1841 et seq.) and section 10 of the Home Owners' 
Loan Act (12 U.S.C. 1467a) to shelf charter proposals;
(4) whether shelf charters and modified bidder 
qualification processes were considered or used in connection 
with the receivership of any insured depository institution for 
which the Federal Deposit Insurance Corporation was appointed 
receiver in 2023;
(5) with respect to such receiverships, the extent to which 
greater use of shelf charters and modified bidder qualification 
processes could have--
(A) expanded the pool of participants in the 
acquisition of the assets or liabilities of such failed 
insured depository institutions;
(B) resulted in greater competition and diversity 
in market outcomes;
(C) protected the Deposit Insurance Fund; or
(D) strengthened financial stability and reduced 
the need for any emergency determination by the 
Secretary of the Treasury under section 13(c)(4)(G) of 
the Federal Deposit Insurance Act (12 U.S.C. 
1823(c)(4)(G)) with respect to any such receivership;
(6) the impact of the use of shelf charters and modified 
bidder qualification processes since January 1, 2008, including 
on financial stability, the safety and soundness of affected 
insured depository institutions, and the availability of 
financial products and services provided to consumers by such 
institutions; and
(7) any benefits and risks of private equity ownership of 
banks through the use of shelf charters and modified bidder 
qualification processes.
(b) Report.--Not later than 1 year after the date of enactment of 
this Act, the Comptroller of the Currency, the Federal Deposit 
Insurance Corporation, and the Board of the Governors of the Federal 
Reserve System shall, jointly, submit a report to the Committee on 
Financial Services of the House of Representatives and the Committee on 
Banking, Housing, and Urban Affairs of the Senate containing--
(1) all findings and determinations made in carrying out 
the study required under subsection (a); and
(2) an identification of statutory or regulatory barriers 
to the use and effectiveness of shelf charters and modified 
bidder qualification processes in the resolution of failed 
insured depository institutions, including recommendations for 
legislative and regulatory changes.
(c) Definitions.--In this section:
(1) Insured depository institution.--The term ``insured 
depository institution'' has the meaning given the term in 
section 3 of the Federal Deposit Insurance Act (12 U.S.C. 
1813).
(2) Modified bidder qualification process.--The term 
``modified bidder qualification process'' has the meaning given 
such term in the press release of the Federal Deposit Insurance 
Corporation titled ``FDIC Expands Bidder List for Troubled 
Institutions Plan Allows Those Without a Bank Charter to 
Participate in the Process'' published November 26, 2008.
(3) Shelf charter.--The term ``shelf charter'' has the 
meaning given such term in the report issued by the Comptroller 
of the Currency titled ``Activities Permissible for National 
Banks and Federal Savings Associations, Cumulative'' published 
October 2017.
Union Calendar No. 459

119th CONGRESS

2d Session

H. R. 6555

[Report No. 119-534]

_______________________________________________________________________

A BILL

To require the Comptroller of the Currency and the Federal Deposit 
Insurance Corporation to carry out a study on shelf charters and 
modified bidder qualification processes, 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