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HR 6556 · 119th CongressIntroduced

Tighter rules for big bank mergers after failures

Banking & Financial

Sponsored by Stephen F. Lynch

The vote
Worked the bill
$565M
24 groups · their total 2025 lobbying
In the distance
Summary

What the bill does

This bill makes it harder for big banks to buy failing banks if the purchase would give them too much of the market. Normally, there are limits on how big a bank can get through mergers. This bill says those limits can only be ignored if the government proves it is needed to stop a major economic problem and no other qualified buyer is available.

Why it matters

The stakes

The bill affects how the government handles failing banks. It could change which banks get to buy them, and it aims to keep the biggest banks from getting even bigger.

Major public companies this covers
  • JPMorgan ChaseJPM
  • Bank of AmericaBAC
  • Wells FargoWFC
  • CitigroupC
The debate

What each side says

Supporters
  • It prevents the largest banks from getting even bigger by buying failing banks, which helps keep the banking system more competitive.bill
  • It requires regulators to prove that a big merger is necessary to avoid serious economic harm, making sure such deals are only done when truly needed.bill
  • It forces regulators to report to Congress and the public when they allow a big bank to buy a failing one, making the process more open.bill
Critics
  • It could make it harder to quickly rescue a failing bank, because regulators have to jump through more hoops before allowing a big bank to take it over.bill
  • The requirement to find a qualified bid from a smaller bank might not work if no such bank is able or willing to buy the failing one, potentially leading to a bank failure that could have been avoided.bill

Each point links to its source. The views are attributed to those sources, not stated as ours.

Follow the money

From this bill outward

The bill

where every tie is measured from
HR 6556Tighter rules for big bank mergers after failuresBanking & Financial

Who paid lobbyists to work it

Direct tie24 groups · their total 2025 lobbying
GroupIssues2025 lobbying
(all issues)
Has PAC?
JPMORGAN CHASE HOLDINGS LLCNamed in billBankingAgricultureOther$4.4MJCCP
STATE OF LOC NATION GLOBAL PUBLIC BENEFIT CORPORATIONAdvocacyOtherBanking$80MNo PAC
CHAMBER OF COMMERCE OF THE U.S.A.EnergyBankingForeign$70MNo PAC
NATIONAL ASSOCIATION OF REALTORSReal EstateBankingInsurance$54MNAORPAC
BUSINESS ROUNDTABLE INCEnergyBankingHealth$34MNo PAC
META PLATFORMS, INC. AND VARIOUS SUBSIDIARIESTechSports & MediaBanking$26MNo PAC
AMERICAN HOSPITAL ASSOCIATIONHealthOtherForeign$25MAHAP
AMERICAN MEDICAL ASSOCIATIONHealthForeignOther$23MNo PAC

Election money, in the distance

Background · not tied to this billBanking & Financial PACs -> the members who voted

The background money view appears when a bill has a recorded vote and matching sector PAC data.

Lobbying filings, contributions, and votes are public records shown side by side. The further down the chain, the further the money is from this bill. This page does not assert that money caused any vote.