HR1900-119

Reported

To specify when the record is complete on certain acquisition applications related to depository institution holding companies, and for other purposes.

119th Congress Introduced Mar 6, 2025

Legislative Progress

Reported
Introduced Committee Passed
Jun 4, 2025

Additional sponsors: Mr. Meuser and Mr. Sessions

Jun 4, 2025

Reported with an amendment, committed to the Committee of the …

Mar 6, 2025

Mr. Barr (for himself and Mr. Fitzgerald) introduced the following …

Summary

What This Bill Does

Requires the Federal Reserve to notify bank acquisition applicants within 30 days whether their application record is complete, with detailed information on any deficiencies, and limits ability to extend reviews indefinitely.

Who Benefits and How

Bank holding company applicants gain predictable review timelines. Acquisition planning benefits from clear completeness standards. Regulatory process becomes more transparent and efficient.

Who Bears the Burden and How

Federal Reserve must respond within 30 days (60 for complex applications). Board cannot base completeness on non-applicant information. Must provide detailed deficiency notices.

Key Provisions

  • 30-day deadline for completeness determination
  • 30-day extension allowed for complex applications
  • Cannot consider non-applicant information for completeness
  • Record deemed complete after response to deficiency notice
Model: claude-opus-4
Generated: Jan 10, 2026 18:34

Evidence Chain:

This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.

Primary Purpose

Establishes timelines for Federal Reserve to complete review of bank acquisition applications

Policy Domains

Banking Financial Regulation Mergers and Acquisitions Federal Reserve

Legislative Strategy

"Streamline bank acquisition approvals through timeline certainty"

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Banking Financial Regulation
Actor Mappings
"the_board"
→ Board of Governors of Federal Reserve

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology