H.R. 6556 · 119th Congress · Finance and financial sector
Failing Bank Acquisition Fairness Act
How the House voted
Yea from the left, nay from the right, each side by party
House · Jul 14, 2026
Passed by voice vote.
Passed the House on July 14, 2026.
Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs
- IntroducedDec 10, 2025
- CommitteeFeb 2, 2026
- Passed HouseJul 14, 2026
- Passed Senate
- Became law
On the record
- Cosponsors
- 1
- all Democrat
- Committees
- Senate Committee on Banking, Housing, and Urban AffairsHouse Committee on Financial Services
- Lobbying
- At least 2
- organizations named it2025 Q4 to 2026 Q3
What it does
The bill narrows the exceptions that let a bank exceed federal deposit and liability concentration limits when it acquires a failing bank.
The bill narrows the exceptions that let a bank exceed federal deposit and liability concentration limits when it acquires a failing bank. Under current law a regulator can waive those limits for a merger involving a bank in default or in danger of default; the bill permits a waiver only on clear and convincing evidence that the merger is necessary to prevent significant economic disruption or significant adverse effects on financial stability, and only when no qualified bid exists from a bidder that is well capitalized, well managed, and not itself over the cap. It requires the waiving agency and the FDIC to report each waiver to the House Financial Services and Senate Banking committees within 30 days and to post the report publicly, subject to redactions. It bars the FDIC from counting a bid that would breach those limits when it decides the least costly way to resolve a failed bank. It also reduces the Federal Reserve's discretionary surplus fund by $2 million, effective September 1, 2036.
Each stop is a step the bill’s own record states, with the date it happened. A ring is a step not yet taken. A bill becomes law when the President signs it or Congress overrides a veto.
At least 2 organizations named this measure in a lobbying filing. A floor, not a total: they were counted by the client name on 5 quarterly reports filed by 2 organizations lobbying for themselves in 2025 Q4, 2026 Q1, 2026 Q2 and 2026 Q3. An organization that lobbied this measure without naming it is not counted here.
The filings record that lobbying was reported on the measure. The form has no per-bill dollar figure and no field for a position, so nothing here says how much was spent or which side an organization took.
The organizations named: Independent Community Bankers of America; Americans for Financial Reform. Listed as filed. They are every client name on the filings counted here.
From the LD-2 quarterly lobbying filings published at lda.gov by the Senate Office of Public Records. Read for 2025 Q1, 2025 Q2, 2025 Q3, 2025 Q4, 2026 Q1, 2026 Q2 and 2026 Q3. Our copy holds 24 fewer filings for 2025 Q1, 39 fewer filings for 2025 Q2, 42 fewer filings for 2025 Q3, 33 fewer filings for 2025 Q4, 28 fewer filings for 2026 Q1, 48 fewer filings for 2026 Q2 and 218 fewer filings for 2026 Q3 than the Senate's register counts, so those quarters are the filings we could read rather than every one filed. 2026 Q4 is still inside its filing window, so that quarter is only the filings posted so far.
Congress.gov bill status and cosponsor records; the House Clerk and Senate roll calls; lobbying reports filed under the Lobbying Disclosure Act (lda.gov); the plain summary and provisions are read from the bill text, each with its section.