H.R. 6556: Failing Bank Acquisition Fairness Act

H.R. 6556 is a federal bill in the 119th Congress. Currently, federal regulators can waive deposit concentration limits to let a bank buy a failing institution if that institution is in danger of failing or needs federal assistance. Under this new legislation, regulators must also determine that the merger… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.