[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6551 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 6551

    To require annual reports on national bank and Federal savings 
   association charter applications, depository institution holding 
company applications, Federal deposit insurance applications, and State 
  depository institution charter applications, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 10, 2025

Mr. Loudermilk introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
    To require annual reports on national bank and Federal savings 
   association charter applications, depository institution holding 
company applications, Federal deposit insurance applications, and State 
  depository institution charter applications, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``New Bank Application Numbers 
Knowledge Act of 2025'' or the ``New BANK Act of 2025''.

SEC. 2. ANNUAL REPORT ON NATIONAL BANK AND FEDERAL SAVINGS ASSOCIATION 
              CHARTER APPLICATIONS.

    The Comptroller of the Currency shall publish an annual report that 
includes--
            (1) the number of national bank and Federal savings 
        association charter applications received, approved on a 
        preliminary basis, approved on a final basis, denied, 
        withdrawn, expired, mooted, or returned;
            (2) the mean and median times for preliminary approval of 
        such applications;
            (3) the mean and median times for final approval of such 
        applications; and
            (4) common reasons leading to denial, withdrawal, or 
        expiration of preliminary approval of such applications.

SEC. 3. ANNUAL REPORT ON FEDERAL CREDIT UNION CHARTER APPLICATIONS.

    The National Credit Union Administration Board shall publish an 
annual report that includes--
            (1) the number of Federal credit union charter applications 
        received, proofs of concept established, approved on a final 
        basis, denied, withdrawn, expired, mooted, or returned;
            (2) the mean and median times to establish proof of concept 
        for such applications;
            (3) the mean and median times for final approval of such 
        applications; and
            (4) common reasons leading to denial, withdrawal, or 
        expiration of establishment of proof of concept of such 
        applications.

SEC. 4. ANNUAL REPORT ON DEPOSITORY INSTITUTION HOLDING COMPANY 
              APPLICATIONS.

    The Board of Governors of the Federal Reserve System shall publish 
an annual report that includes--
            (1) the number of applications to become a top-tier 
        depository institution holding company received, approved, 
        denied, withdrawn, mooted, or returned;
            (2) the mean and median times to approve such applications; 
        and
            (3) common reasons leading to denial or withdrawal of such 
        applications.

SEC. 5. ANNUAL REPORT ON FEDERAL DEPOSIT INSURANCE APPLICATIONS.

    The Federal Deposit Insurance Corporation shall publish an annual 
report that includes--
            (1) the number of applications for deposit insurance 
        received, approved, denied, withdrawn, mooted, or returned;
            (2) the mean and median times to approve such applications; 
        and
            (3) common reasons leading to denial or withdrawal of such 
        applications.

SEC. 6. ANNUAL REPORT ON STATE DEPOSITORY INSTITUTION AND STATE CREDIT 
              UNION CHARTER APPLICATIONS.

    (a) In General.--The Board of Governors of the Federal Reserve 
System, the Federal Deposit Insurance Corporation, and the National 
Credit Union Administration Board shall, jointly, and in consultation 
with State banking regulators and State credit union regulators, 
publish an annual report that includes--
            (1) the number of State depository institution charter 
        applications received, approved, denied, withdrawn, or 
        otherwise dispositioned by State banking regulators and State 
        credit union regulators, with numbers for each State shown 
        separately;
            (2) the mean and median times to approve such applications, 
        with times for each State shown separately; and
            (3) common reasons leading to denial or withdrawal of such 
        applications.
    (b) Definitions.--In this section:
            (1) State.--The term ``State'' means any State of the 
        United States, the District of Columbia, and any territory of 
        the United States.
            (2) State bank.--The term ``State bank'' means any bank, 
        banking association, trust company, savings bank, industrial 
        bank, or other banking institution incorporated under the laws 
        of any State.
            (3) State depository institution.--The term ``State 
        depository institution'' means--
                    (A) a State bank or a State savings association; 
                and
                    (B) a State credit union, as defined in section 101 
                of the Federal Credit Union Act (12 U.S.C. 1752).
            (4) State savings association.--The term ``State savings 
        association'' means--
                    (A) any building and loan association, savings and 
                loan association, or homestead association incorporated 
                under the laws of any State; and
                    (B) any cooperative bank incorporated under the 
                laws of any State that is not a State bank.
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