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House Bill 6551
119th Congress(2025-2026)
New BANK Act of 2025
Introduced
Introduced
Introduced in House on Dec 10, 2025
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H. R. 6551 (Reported-in-House)

Union Calendar No. 455

119th CONGRESS
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 company applications, Federal deposit insurance applications, and State depository institution charter applications, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

December 10, 2025

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]

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “New Bank Application Numbers Knowledge Act of 2025” or the “New BANK Act of 2025”.

SEC. 2. Annual report on national bank and Federal savings association charter applications.

The Comptroller of the Currency shall publish an annual report that 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savings association charter applications received, approved on a preliminary basis, approved on a final basis, denied, withdrawn, expired, mooted, or returned.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.

(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 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 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.

(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 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.

(a) In general.—The Board of Governors of the Federal Reserve 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 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.

(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 the United States.

(2) STATE BANK.—The term “State bank” means any bank, banking association, trust company, savings bank, industrial bank, or other banking institution incorporated under the laws of any State.

(3) STATE DEPOSITORY INSTITUTION.—The term “State depository institution” means—

(A) a State bank or a State savings association; and

(B) a State credit union, as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752).

(4) STATE SAVINGS ASSOCIATION.—The term “State savings association” means—

(A) any building and loan association, savings and loan association, or homestead association incorporated under the laws of any State; and

(B) any cooperative bank incorporated under the laws of any State that is not a State bank.

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