United States · Bill · HR
H.R. 7403 (118th)
Bank Failure Prevention Act of 2024
Introduced
16 February 2024
Last action
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Status
Referred to the House Committee on Financial Services.
Sponsors
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Subjects
Discovery layer
Source updated
27 May 2025
Summary
Bank Failure Prevention Act of 2024 This bill revises the Federal Reserve Board’s review process of merger and acquisition applications for bank holding companies. Specifically, the board must notify the applicant within a certain time period regarding whether the application is complete or if additional information is required. The board must grant or deny such an application no later than 90 days after submission, regardless of whether the application was deemed complete. (Currently, the board must grant or deny an application no later than 90 days after receipt of a complete application.) In addition, the board is prohibited from basing such application determinations on information provided by third parties.
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 16 February 2024
Introduced in House (PDF)
Introduced in House · EN · 16 February 2024
Introduced in House
summary · EN · 16 February 2024
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/118th-congress/house-bill/7403
- Open data entity: https://api.congress.gov/v3/bill/118/hr/7403