New BANK Act of 2025

This bill requires several federal banking agencies to publish yearly reports on applications to start or insure banks and credit unions. The Comptroller of the Currency would report on national bank and federal savings association charter applications, and the National Credit Union Administration would report on federal credit union charter applications. The Federal Reserve Board would report on holding company applications, and the FDIC would report on deposit insurance applications. Each report would include how many applications were received, approved, denied, or withdrawn, the average and median approval times, and, where practicable, common reasons for denial or withdrawal. The Federal Reserve, FDIC, and NCUA would also jointly publish a yearly report, with numbers for each state, on state bank and credit union charter applications.

Full text and official record on Congress.gov

Sponsors

• Barry Loudermilk Republican sponsor
• 2 cosponsors