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Bank Failure Prevention Act of 2024

H.R. 7403 Rep. Andy Barr (R-KY-6) In committee
Bill text PDF
  1. Introduced Feb 16
  2. Committee Feb 16
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Feb 16, 2024Next: House vote
985d ago Feb 16, 2024: Referred to the House Committee on Financial Services.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 1 filing
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Summary

Bank Failure Prevention Act of 2024

Full summary3 paragraphs

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.

Library of Congress summary, Feb 16, 2024

Summary versions
  • Introduced in HouseFeb 16, 2024

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.