HR6556Referred to Committee

Failing Bank Acquisition Fairness Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-12-10
Introduced
1
Cosponsors
HR
ⓘ
Type

Sponsor

Stephen F. Lynch
Stephen F. Lynch
Democrat · MA · Representative
Votes with party: 96.2% (531 recorded votes)

Full profile: /officials/L000562

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Placed on the Union Calendar, Calendar No. 406.

2026-02-02

Source: Congress.gov

Committee Activity

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Plain-English Summary

When a bank fails, the government agency that takes it over would have to follow new rules to make sure the sale process is fair and transparent to potential buyers. The bill aims to prevent favoritism or backroom deals when the government sells off a failed bank's assets and operations to another financial institution. This would affect banks, investors, and potentially customers whose deposits are at risk during bank failures.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector
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