New BANK Act of 2025 New Bank Application Numbers Knowledge Act...
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.
This bill, HB6551, aims to enhance transparency in the financial sector by requiring annual reports on various applications related to bank charters and financial institutions. These reports would cover applications for national bank and Federal savings association charters, depository institution holding company applications, Federal deposit insurance applications, and State depository institution charter applications. This would make the process more open and help ensure accountability.
The bill would primarily impact banks, financial institutions, and the regulatory bodies overseeing them. By mandating these annual reports, the bill seeks to provide clearer insights into the financial sector, potentially affecting decisions made by banks, investors, and regulators.
HB6551 was introduced on December 10, 2025, and was referred to the House Committee on Financial Services. As of February 25, 2026, the bill has been reported (amended) by the committee and placed on the Union Calendar, awaiting further action in the House.
