HR 5262

Summary

Bank Competition Modernization Act This bill allows financial regulators to approve certain bank mergers without considering if the merger is noncompetitive or monopolistic. Currently, regulators are prohibited from approving a bank acquisition, merger, or consolidation that would result in a monopoly, that would be in furtherance of a conspiracy or attempt to create a monopoly, the approval of which would substantially lessen competition, or that would otherwise restrain trade. The bill prohibits regulators from considering these factors for mergers that would result in an entity with less than $10 billion in assets. This threshold must be adjusted annually to reflect increases in the U.S. nominal gross domestic product.

Bill status

Status

Reported

Sponsor

Rep. Scott Fitzgerald [R-WI-5]

Cosponsors

0

Policy area

Finance and Financial Sector

Introduced

2025-09-10

Latest action

2025-11-04: Placed on the Union Calendar, Calendar No. 317.

Committee referrals

• Financial Services Committee: House · Reported By · 2025-11-04
• Financial Services Committee: House · Markup By · 2025-09-16
• Financial Services Committee: House · Referred To · 2025-09-10

Recent actions

• 2025-11-04: Placed on the Union Calendar, Calendar No. 317.
• 2025-11-04: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-365.
• 2025-11-04: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-365.
• 2025-09-16: Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.
• 2025-09-16: Committee Consideration and Mark-up Session Held