Requires federal agencies to share how long it takes to approve new banks and credit unions.
This bill would make federal financial agencies publish yearly reports about applications to start new banks and credit unions. These reports would show how many applications they get, how long it takes to approve them, and why some are denied.
Today, federal agencies do not have to publicly share detailed yearly reports about applications to start new banks or credit unions. If this bill becomes law, these agencies would be required to publish annual reports showing how many applications they receive, how long approvals take, and why some are denied, including a joint report with state-specific data.
HR 6551 · 119th Congress · December 10, 2025 · AI Summary by gemini-2.5-flash · 8/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.