I 
119TH CONGRESS 
1ST SESSION H. R. 6551 
To require annual reports on national bank and Federal savings association 
charter applications, depository institution holding company applications, 
Federal deposit insurance applications, and State depository institution 
charter applications, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 10, 2025 
Mr. LOUDERMILK introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To require annual reports on national bank and Federal 
savings association charter applications, depository insti-
tution holding company applications, Federal deposit in-
surance applications, and State depository institution 
charter applications, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘New Bank Application 
Numbers Knowledge Act of 2025’’ or the ‘‘New BANK 
Act of 2025’’. 
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SEC. 2. ANNUAL REPORT ON NATIONAL BANK AND FED-
ERAL SAVINGS ASSOCIATION CHARTER AP-
PLICATIONS. 
The Comptroller of the Currency shall publish an an-
nual report that includes— 
(1) the number of national bank and Federal 
savings association charter applications received, ap-
proved on a preliminary basis, approved on a final 
basis, denied, withdrawn, expired, mooted, or re-
turned; 
(2) the mean and median times for preliminary 
approval of such applications; 
(3) the mean and median times for final ap-
proval of such applications; and 
(4) common reasons leading to denial, with-
drawal, or expiration of preliminary approval of such 
applications. 
SEC. 3. ANNUAL REPORT ON FEDERAL CREDIT UNION 
CHARTER APPLICATIONS. 
The National Credit Union Administration Board 
shall publish an annual report that includes— 
(1) the number of Federal credit union charter 
applications received, proofs of concept established, 
approved on a final basis, denied, withdrawn, ex-
pired, mooted, or returned; 
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(2) the mean and median times to establish 
proof of concept for such applications; 
(3) the mean and median times for final ap-
proval of such applications; and 
(4) common reasons leading to denial, with-
drawal, or expiration of establishment of proof of 
concept of such applications. 
SEC. 4. ANNUAL REPORT ON DEPOSITORY INSTITUTION 
HOLDING COMPANY APPLICATIONS. 
The Board of Governors of the Federal Reserve Sys-
tem shall publish an annual report that includes— 
(1) the number of applications to become a top- 
tier depository institution holding company received, 
approved, denied, withdrawn, mooted, or returned; 
(2) the mean and median times to approve such 
applications; and 
(3) common reasons leading to denial or with-
drawal of such applications. 
SEC. 5. ANNUAL REPORT ON FEDERAL DEPOSIT INSUR-
ANCE APPLICATIONS. 
The Federal Deposit Insurance Corporation shall 
publish an annual report that includes— 
(1) the number of applications for deposit in-
surance received, approved, denied, withdrawn, 
mooted, or returned; 
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(2) the mean and median times to approve such 
applications; and 
(3) common reasons leading to denial or with-
drawal of such applications. 
SEC. 6. ANNUAL REPORT ON STATE DEPOSITORY INSTITU-
TION AND STATE CREDIT UNION CHARTER 
APPLICATIONS. 
(a) IN GENERAL.—The Board of Governors of the 
Federal Reserve System, the Federal Deposit Insurance 
Corporation, and the National Credit Union Administra-
tion Board shall, jointly, and in consultation with State 
banking regulators and State credit union regulators, pub-
lish an annual report that includes— 
(1) the number of State depository institution 
charter applications received, approved, denied, with-
drawn, or otherwise dispositioned by State banking 
regulators and State credit union regulators, with 
numbers for each State shown separately; 
(2) the mean and median times to approve such 
applications, with times for each State shown sepa-
rately; and 
(3) common reasons leading to denial or with-
drawal of such applications. 
(b) DEFINITIONS.—In this section: 
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(1) STATE.—The term ‘‘State’’ means any 
State of the United States, the District of Columbia, 
and any territory of the United States. 
(2) STATE
BANK.—The term ‘‘State bank’’ 
means any bank, banking association, trust com-
pany, savings bank, industrial bank, or other bank-
ing institution incorporated under the laws of any 
State. 
(3) STATE
DEPOSITORY
INSTITUTION.—The 
term ‘‘State depository institution’’ means— 
(A) a State bank or a State savings asso-
ciation; and 
(B) a State credit union, as defined in sec-
tion 101 of the Federal Credit Union Act (12 
U.S.C. 1752). 
(4) STATE SAVINGS ASSOCIATION.—The term 
‘‘State savings association’’ means— 
(A) any building and loan association, sav-
ings and loan association, or homestead associa-
tion incorporated under the laws of any State; 
and 
(B) any cooperative bank incorporated 
under the laws of any State that is not a State 
bank. 
Æ 
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