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House Financial Services Subcommittee advances bill to set deadlines for bank merger reviews
Summary
Representative Andy Barr, chair of the Subcommittee on Financial Institutions, led consideration of HR 1900, the Bank Failure Prevention Act, and argued the measure “establishes a shot clock for federal regulators to act on bank merger applications.”
Bank Failure Prevention Act advances out of committee after debate over merger timelines.
Representative Andy Barr, chair of the Subcommittee on Financial Institutions, led consideration of HR 1900, the Bank Failure Prevention Act, and argued the measure “establishes a shot clock for federal regulators to act on bank merger applications.” He said the change would bring “efficiency, transparency, and accountability” to merger reviews and would not alter the substantive standards for…
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