New BANK Act of 2025

119 HR 6551 RH: New Bank Application Numbers Knowledge Act of 2025 U.S. House of Representatives 2026-02-25 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB Union Calendar No. 455 119th CONGRESS 2d Session H. R. 6551 [Report No. 119–530] 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. 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 . 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savings association charter applications received, approved on a preliminary basis, approved on a final basis, denied, withdrawn, expired, mooted, or returned.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. 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the following: (1) The number of Federal credit union charter applications received, approved on a final basis, denied, withdrawn, inactive, or returned pending resubmission.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. 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. 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. 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. 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