Sponsors (3)
The bill trades stronger public transparency and useful planning information for applicants against added administrative costs, potential diversion of supervisory resources, and risks that publishing reasons or uneven data could expose sensitive information or distort behavior.
Taxpayers, the public, and market participants gain much greater transparency into federal and state chartering and application outcomes because agencies will publish annual counts and outcomes for applications.
Financial institutions and prospective applicants can plan transactions, capital needs, and timelines more reliably because mean and median approval times (including by State) will be published, reducing uncertainty.
Prospective applicants can identify common reasons for denials or withdrawals and correct deficiencies, improving application quality and reducing resubmissions and failures.
The OCC, NCUA, Fed, FDIC and State regulators will incur new administrative costs and staff burdens to compile and publish reports, costs borne from agency budgets, fees or assessments (ultimately affecting taxpayers and insured institutions) and potentially diverting resources from supervision.
Aggregating and publishing common reasons for denials or withdrawals risks revealing sensitive supervisory considerations or proprietary applicant information, creating reputational harm, undermining confidentiality, or enabling gaming of supervisory processes.
If agencies or States report incomplete or inconsistent data, published metrics (approval rates or times) could mislead applicants and policymakers and prompt poor decisions.
Based on analysis of 6 sections of legislative text.
Mandates annual public reports from federal banking agencies (and a joint state report) showing application counts, mean/median processing times, and common reasons for denials/withdrawals for bank, credit union, holding-company, and deposit-insurance filings.
Introduced December 10, 2025 by Barry D. Loudermilk · Last progress December 10, 2025
Requires federal banking agencies and the National Credit Union Administration to publish annual, public reports showing how many charter, deposit insurance, credit union, and holding-company applications they receive and how long processing takes. Reports must include counts by outcome (approved, denied, withdrawn, etc.), mean and median processing times, and, when possible, common reasons for denials or withdrawals; the bill also requires a joint, state-by-state report covering state charter and state credit union applications.