HR 6551
· 119th Congress
· Finance and Financial Sector
New BANK Act of 2025
Sponsor
Latest action
Placed on the Union Calendar, Calendar No. 455.
Action timeline
Every recorded action on this bill, newest first. Stage badges color-code the legislative path.
Feb 25, 2026
committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-530.
Financial Services Committee
Feb 25, 2026
other
Placed on the Union Calendar, Calendar No. 455.
Dec 17, 2025
committee
Committee Consideration and Mark-up Session Held
Financial Services Committee
Dec 17, 2025
committee
Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 0.
Financial Services Committee
Dec 16, 2025
committee
Committee Consideration and Mark-up Session Held
Financial Services Committee
Dec 10, 2025
introduced
Introduced in House
Dec 10, 2025
introduced
Referred to the House Committee on Financial Services.
Financial Services Committee
Text versions
Each stage of the bill — official text published by GPO. Click any format to read on congress.gov / govinfo.
Changelog
ⓘ
How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.
ih / is — Introduced in House / Senate. First filed version.rfh / rfs — Referred to a committee for review.rh / rs — Reported back by the committee to the floor (often with amendments — this is where most language changes happen).pcs / pch — Placed on Calendar for floor consideration.eh / es — Engrossed. Passed by the originating chamber. Text is now what was actually voted on.rdh / rds — Received by the other chamber.eah / eas — Engrossed Amendment. The other chamber passed an amended version.ath / ats — Agreed to. Both chambers settled on the same text.enr — Enrolled. Final reconciled text, sent to the President.pl — Public Law. Signed by the President. It's now law.pp — Public Print. Official printing post-enactment.
Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.
ⓘ
How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.
ih/is— Introduced in House / Senate. First filed version.rfh/rfs— Referred to a committee for review.rh/rs— Reported back by the committee to the floor (often with amendments — this is where most language changes happen).pcs/pch— Placed on Calendar for floor consideration.eh/es— Engrossed. Passed by the originating chamber. Text is now what was actually voted on.rdh/rds— Received by the other chamber.eah/eas— Engrossed Amendment. The other chamber passed an amended version.ath/ats— Agreed to. Both chambers settled on the same text.enr— Enrolled. Final reconciled text, sent to the President.pl— Public Law. Signed by the President. It's now law.pp— Public Print. Official printing post-enactment.
Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.
Line-level diff between text versions of this bill — what actually changed at each legislative stage.
+89
−44
49 unchanged
--- Introduced (House)
+++ Reported (House)
@@ -1,11 +1,14 @@
[From the U.S. Government Publishing Office]
-[H.R. 6551 Introduced in House (IH)]
+[H.R. 6551 Reported in House (RH)]
<DOC>
+Union Calendar No. 455
119th CONGRESS
-1st Session
+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
@@ -20,6 +23,19 @@
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]
_______________________________________________________________________
@@ -42,56 +58,59 @@
CHARTER APPLICATIONS.
The Comptroller of the Currency shall publish an annual report that
-includes--
-(1) the number of national bank and Federal savings
+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; and
-(4) common reasons leading to denial, withdrawal, or
-expiration of preliminary approval of such applications.
+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 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
+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--
-(1) the number of applications to become a top-tier
+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;
-and
-(3) common reasons leading to denial or withdrawal of such
-applications.
+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--
-(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.
+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.
@@ -100,16 +119,18 @@
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
+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; and
-(3) common reasons leading to denial or withdrawal of such
-applications.
+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
@@ -131,4 +152,28 @@
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>
+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
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2
filings · 2026 Q4
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Cosponsors (2)
Members who signed on to support this bill.