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HR6556Referred to Committee

Failing Bank Acquisition Fairness Act

Share:
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.

  • Josh Gottheimer (D-NJ-5)· 2025-12-16

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

Currently in

  • House Committee on Financial ServicesReported By · 2026-02-02

Previously

  • Financial Services CommitteeReported By · 2026-02-02
  • Financial Services CommitteeMarkup By · 2025-12-16
  • House Committee on Financial ServicesMarkup By · 2025-12-16
  • Financial Services CommitteeReferred To · 2025-12-10
  • House Committee on Financial ServicesReferred To · 2025-12-10

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
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • HJRES184Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Fair Credit Reporting; File Disclosure".
    Referred to Committee · 2026-05-13
  • HR8666Vote by Mail Protection Act of 2026
    Referred to Committee · 2026-05-07
  • HR8053DPA Emerging Technology Act of 2026
    Referred to Committee · 2026-03-24
  • HR7183Youth Financial Learning Act
    Referred to Committee · 2026-01-21