118th Congress Finance and Financial Sector
H.R. 3914: Failing Bank Acquisition Fairness Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill restricts the ability of large banks and financial companies to acquire banks in default or in danger of default if smaller institutions otherwise qualify. Specifically, if a merger with a bank in default results in one institution controlling more than a specified percentage of deposits or liabilities in the United States, regulators are prohibited from approving it, unless no other institution qualifies.
Written by the Congressional Research Service, Library of Congress.
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Other bills by Stephen Lynch
History
- Introduced in the House by Stephen Lynch.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.