US Codex
Bill
Notes

H.R. 6551 — what changed

New Bank Application Numbers Knowledge Act of 2025

From Introduced in House to Reported in House. 5 sections amended between Introduced in House and Reported in House.

Sec. 2 Annual report on national bank and Federal savings association charter applications

changed The Comptroller of the Currency shall publish an annual report that includes—includes the following, or with respect to any equivalent procedure used by the Office of Comptroller of the Currency includes the following:

(1)
changed the 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savings association charter applications received, approved on a preliminary basis, approved on a final basis, denied, withdrawn, expired, mooted, or returned;returned.
(2)
changed the The mean and median times for preliminary approval of such applications;applications.
(3)
changed the The mean and median times for final approval of such applications; andapplications.
(4)
changed To the extent practicable, common reasons leading to the denial, withdrawal, or expiration of preliminary approval of such applications.

Sec. 3 Annual report on Federal credit union charter applications

changed The National Credit Union Administration Board shall publish an annual report that includes—includes the following, or with respect to any equivalent procedure used by the Administration includes the following:

(1)
changed the The number of Federal credit union charter applications received, proofs of concept established, approved on a final basis, denied, withdrawn, expired, mooted, inactive, or returned;returned pending resubmission.
(2)
changed the The mean and median times to establish proof of concept for final approval of such applications;applications.
(3)
changed To the mean and median times extent practicable, common reasons leading to application denial, withdrawal, inactivity, or to applications being returned for final approval of such applications; andresubmission.
(4)
removed 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

changed The Board of Governors of the Federal Reserve System shall publish an annual report that includes—includes the following, or with respect to any equivalent procedure used by the Board of Governors includes the following:

(1)
changed the The number of applications to become a top-tier depository institution holding company received, approved, denied, withdrawn, mooted, or returned;returned.
(2)
changed the The mean and median times to approve such applications; andapplications.
(3)
changed To the extent practicable, common reasons leading to denial or withdrawal of such applications.

Sec. 5 Annual report on Federal deposit insurance applications

changed The Federal Deposit Insurance Corporation shall publish an annual report that includes—includes the following, or with respect to any equivalent procedure used by the Corporation includes the following:

(1)
changed the The number of applications for deposit insurance received, approved, denied, withdrawn, mooted, or returned;returned.
(2)
changed the The mean and median times to approve such applications; andapplications.
(3)
changed To the extent practicable, 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)
changed 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—includes the following, or with respect to any equivalent procedure used by such agencies includes the following:
(1)
changed the 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;separately.
(2)
changed the The mean and median times to approve such applications, with times for each State shown separately; andseparately.
(3)
changed To the extent practicable, 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.