Referred to the House Committee on Financial Services.
The bill amends the Federal Deposit Insurance Act to permit the FDIC to choose a resolution option that is not the least costly to the Deposit Insurance Fund (DIF) when doing so would reasonably limit further concentration of the U.S. banking system in global systemically important banking organizations (G-SIBs). It requires FDIC, the Federal Reserve Board, and consultation with the Treasury to make the determination, directs FDIC to set a maximum allowable DIF cost by rule within one year, imposes purchaser assessments to recoup cost differences over at least five years, and requires a 30‑day report to Congress after using the exception.
Progressives emphasize anti‑consolidation and systemic risk reduction.
Relative to its intended legislative type, this bill is a targeted statutory amendment that clearly alters the legal standard governing FDIC resolution decisions by authorizing a bounded exception to the least-cost requirement to limit concentration among global systemically important banking organizations; it provides substantial operational detail while leaving important technical choices to agency rulemaking.
The bill amends the Federal Deposit Insurance Act to permit the FDIC to choose a resolution option that is not the least costly to the Deposit Insurance Fund (DIF) when doing so would reasonably limit further concentration of the U.S. banking system in global systemically important banking organizations (G-SIBs).
It requires FDIC, the Federal Reserve Board, and consultation with the Treasury to make the determination, directs FDIC to set a maximum allowable DIF cost by rule within one year, imposes purchaser assessments to recoup cost differences over at least five years, and requires a 30‑day report to Congress after using the exception.
The bill defines relevant terms and exempts a specified statutory clause from applying to these amendments.
Technocratic but impactful change; procedural safeguards raise acceptability, yet industry resistance and fiscal risk reduce chances of final enactment.
Relative to its intended legislative type, this bill is a targeted statutory amendment that clearly alters the legal standard governing FDIC resolution decisions by authorizing a bounded exception to the least-cost requirement to limit concentration among global systemically important banking organizations; it provides substantial operational detail while leaving important technical choices to agency rulemaking.
Progressives emphasize anti‑consolidation and systemic risk reduction.
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize anti‑consolidation and systemic risk reduction.
Generally supportive because the bill creates a tool to prevent further consolidation in large global banks and reduce systemic concentration.
Sees the exception as a way to protect community banks, competition, and financial stability if deployed transparently and with accountability.
Cautiously receptive: acknowledges the goal of limiting banking concentration but worries about departing from the long‑standing least‑cost standard.
Would support only with clear cost caps, procedural safeguards, and strong reporting to limit taxpayer exposure.
Likely opposed: views the change as expanding federal discretion, interfering with market outcomes, and risking taxpayer funds to engineer banking structure.
Prefers market competition and antitrust tools over regulatory selection of winners.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technocratic but impactful change; procedural safeguards raise acceptability, yet industry resistance and fiscal risk reduce chances of final enactment.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize anti‑consolidation and systemic risk reduction.
Technocratic but impactful change; procedural safeguards raise acceptability, yet industry resistance and fiscal risk reduce chances of fin…
Relative to its intended legislative type, this bill is a targeted statutory amendment that clearly alters the legal standard governing FDIC resolution decisions by authorizing a bounded exception to the least-cost requ…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.