Sponsors (3)
The bill increases transparency and planning certainty for applicants, regulators, and the public—improving oversight and application quality—at the cost of recurring administrative burdens and the risk of exposing sensitive applicant or supervisory information and creating perverse incentives around review speed.
Banks, credit unions, state regulators, and the public will get regular, comparable counts and outcomes of charter and holding-company applications nationwide and by State, increasing transparency about who applied and what happened.
Applicants (banks, credit unions, holding companies) will learn mean and median approval times (nationally and by State), letting them plan capital, staffing, and product timelines with less uncertainty.
Publishing common reasons for application denial/withdrawal (where practicable) helps applicants identify recurring deficiencies and improve future filings, raising overall application quality.
Federal agencies and state regulators will incur recurring administrative and compliance costs to collect, analyze, and publish the new reports, ultimately funded from agency budgets (and thus taxpayers) or diverted staff time.
Reporting common reasons and other details risks revealing proprietary or sensitive applicant information or supervisory practices, which could deter sensitive applicants or harm competitive positions.
Public metrics (timing averages, counts) could create pressure to speed reviews or be misinterpreted without context, risking reduced depth of scrutiny or misleading perceptions of supervisory rigor.
Based on analysis of 6 sections of legislative text.
Requires federal and joint federal‑state annual reports that count charter and deposit‑insurance applications, report mean/median approval times, and summarize common reasons for denials/withdrawals.
Introduced December 10, 2025 by Barry D. Loudermilk · Last progress December 10, 2025
Requires federal banking regulators and, jointly with state regulators, state banking and credit union regulators to publish annual public reports that enumerate counts and average/median processing times for charter and deposit insurance applications and, when practicable, summarize common reasons applications are denied, withdrawn, or otherwise not completed. The reports cover national banks, federal savings associations, federal credit unions, top‑tier depository institution holding companies, FDIC deposit insurance applications, and state‑level charter activity with per‑State breakdowns. The intent is to increase transparency about application volumes, processing timelines, and common causes of application failure so applicants, researchers, and the public can better understand regulatory outcomes and timelines. Agencies must report counts of dispositions (received, approved, denied, withdrawn, returned, mooted, inactive, etc.), mean and median approval times, and descriptive reasons for adverse or incomplete outcomes to the extent practicable.