Summary

Tightens when regulators can waive statutory limits that would otherwise block a bank or bank holding company from buying a failing bank. The bill restricts exceptions to the 10% liabilities concentration cap and interstate merger prohibitions so those exceptions are allowed only when clearly necessary to prevent serious economic harm or threats to financial stability, requires specific findings and interagency consultation, mandates public and congressional reporting, and prevents the FDIC from counting bids that would violate those statutory limits when choosing the least‑cost resolution option.

• Restricts when regulators can waive statutory concentration limits or interstate merger bans in bank acquisitions of failing institutions.
• Requires clear findings, interagency consultation (including FSOC), and documentation before an exception may be approved.
• Adds reporting and public disclosure requirements, including a 30-day report to congressional banking committees when waivers are used.
• Defines terms like “qualified bid,” “well capitalized,” and “well managed” to tighten eligibility rules for bidders.
• Disallows the FDIC from counting bids that would require violating statutory limits in its least‑cost resolution determination.
• Narrows the set of potential acquirers who can receive exceptions, limiting use of exceptions to situations posing systemic or significant economic harm.
• Aims to increase competition and transparency in failed-bank resolutions by documenting alternative bids and solicitation efforts.
• Takes effect on enactment and imposes short deadlines for consultations, findings, recordkeeping, and reporting.