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118-hr-3914Committee
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Failing Bank Acquisition Fairness Act

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Summary

Official CRS summary

This bill restricts the ability of large banks and financial companies to acquire banks in default or in danger of default if smaller institutions otherwise qualify. Specifically, if a merger with a bank in default results in one institution controlling more than a specified percentage of deposits or liabilities in the United States, regulators are prohibited from approving it, unless no other institution qualifies.

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Bill details

Congress
118
Bill type
hr
Introduced
June 7, 2023
Sponsor
Not yet available
Last action
June 7, 2023— Referred to the House Committee on Financial Services.

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