Sponsors (3)
The bill increases transparency about chartering and supervisory outcomes to help applicants, markets, and policymakers, but it creates recurring administrative costs, privacy and oversight-evasion risks, and may deliver uneven value if agencies are under-resourced.
Financial institutions, prospective charter organizers, state regulators, and the public will receive standardized, public data on charter/application counts and processing times across federal agencies and states, improving planning, comparison, and transparency.
Prospective applicants and small financial institutions will see common reasons for denials/withdrawals, enabling them to fix application deficiencies, reduce repeat errors, lower application costs, and shorten approval timelines.
Taxpayers, investors, and policymakers will gain oversight information that can expose delays or inconsistent treatment in chartering decisions, increasing accountability and market confidence in supervisory processes.
Taxpayers and agency budgets will bear ongoing administrative, reporting, and redaction costs as the OCC, NCUA, Fed, FDIC, and state regulators compile and publish annual reports.
Publishing common denial reasons and application details could reveal supervisory priorities or applicant-sensitive information, enabling gaming/regulatory arbitrage and harming applicant privacy or competitive positions.
If agencies lack resources or treat the requirement procedurally, reports may be unevenly redacted, minimal, or delayed, limiting usefulness to applicants, markets, and the public.
Based on analysis of 6 sections of legislative text.
Introduced December 10, 2025 by Barry D. Loudermilk · Last progress December 10, 2025
Requires federal banking agencies and the NCUA to publish annual reports about charter, holding company, and deposit insurance applications. Each agency must report counts by disposition (received, approved, denied, withdrawn, etc.), mean and median processing times, and, when practicable, common reasons for denials or withdrawals. The Federal Reserve, FDIC, and NCUA must also produce a joint annual, state-by-state report on State depository institution and State credit union charter applications in consultation with state regulators.