The record

LegislationLegislation· Jul 2026
HR 6556 Passed House — in Senate

Sponsored by Stephen F. Lynch (D)

Failing Bank Acquisition Fairness Act

Requires regulators to find no better bids before allowing bank mergers that exceed deposit concentration limits.

Tradeoff

Makes it harder for troubled banks to be acquired by the largest companies. Regulators can still approve such deals if they certify no other qualified buyer exists and it's needed to prevent financial crisis.

What's in it

See official bill text

Passed the House by on July 14, 2026 — sitting in the Senate.

  1. House

    Introduced

    (Dec 10, 2025)

  2. House

    Committee on Financial Services(Dec 10, 2025)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 51 - 0(Dec 17, 2025)

    Committee report H. Rept. 119-475.

  4. House

    Passage of the bill

    Passed by (Jul 14, 2026)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jul 15, 2026)