Bill · H.R. 6551· House(119-HR-6551)
New BANK Act of 2025
- Introduced
- 12/10/2025
- Last activity
- 2/25/2026 — Placed on the Union Calendar, Calendar No. 455.
- Sponsored by
- Barry Loudermilk
- Cosponsors
- - 1 - 1
- Introduced
- On Calendar
What this bill would do
This bill, known as the "New BANK Act of 2025," requires several federal agencies to publish annual reports regarding various banking and charter applications. The Comptroller of the Currency must report on national bank and Federal savings association applications. The National Credit Union Administration must report on Federal credit union charter applications. The Board of Governors of the Federal Reserve System is required to report on depository institution holding company applications. The Federal Deposit Insurance Corporation must report on Federal deposit insurance applications. Finally, several agencies must jointly report on State depository institution and State credit union charter applications.
Yes
Does this make what the government does easier for the public to see?+5
The bill requires multiple federal agencies to publish annual data on banking application volumes, approval times, and denial reasons.
Would business owners be better off under this?+3
The bill provides more insight into the efficiency and reasons for banking charter application outcomes.
Does this make it easier to run a small business?+3
The bill increases transparency regarding the processing times and reasons for denial for banking and credit union charters.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency on Application Processing: By requiring reports on the number of applications received, approved, denied, withdrawn, or returned, the bill provides data on how these institutions are being processed (Section 2, Section 3, Section 4, Section 5, and Section 6).
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Insight into Processing Speed: The bill requires agencies to report the mean and median times for approvals, which shows how long the process takes for various types of applications (Section 2, Section 3, Section 4, Section 5, and Section 6).
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Understanding Application Denials: The bill requires agencies to report common reasons for the denial, withdrawal, or expiration of applications to the extent practicable (Section 2, Section 3, Section 4, Section 5, and Section 6).
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State-Specific Data: For state depository institution and state credit union charter applications, the report must show numbers and approval times for each State separately (Section 6).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+5
- Demographic And Interest Groups
- Good For Business Owners+3
- Economy And Finance
- Improves Small Business Support+3
- 2/25/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-530.
- Placed on the Union Calendar, Calendar No. 455.
- 1/9/2026
- 1 Cosponsor added.
- 12/17/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 0.
- 12/16/2025
- Committee Consideration and Mark-up Session Held
- 1 Cosponsor added.
- 12/10/2025
- Referred to the House Committee on Financial Services.
- Introduced in House
Josh GottheimerDemocrat · New Jersey
Michael LawlerRepublican · New York