HR 5262 ยท Bank Competition Modernization Act
Placed on the Union Calendar, Calendar No. 317.
- Introduced
- Sep 10, 2025
- Latest action
- Nov 4, 2025
- Sponsor
- Rep. Scott Fitzgerald [R-WI-5]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 0
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.
Recent actions
- Nov 4, 2025 Placed on the Union Calendar, Calendar No. 317.
- Nov 4, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-365.
- Nov 4, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-365.
- Sep 16, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.
- Sep 16, 2025 Committee Consideration and Mark-up Session Held
- Sep 10, 2025 Referred to the House Committee on Financial Services.
- Sep 10, 2025 Introduced in House
- Sep 10, 2025 Introduced in House
Votes
No recorded votes are available for this bill.