Sponsors (3)
The bill increases transparency and oversight of chartering and application processes—helping applicants plan and improving public accountability—at the cost of added administrative burdens, possible disclosure of sensitive supervisory information, and risks of misleading or dampening applicant behavior.
Taxpayers, lawmakers, state and federal regulators, and the public will receive regular, comparable data on charter and application counts, approval outcomes, and processing times, improving oversight and accountability of bank and credit-union supervisory agencies.
Prospective and existing financial institutions (banks, credit unions, top-tier holding companies) can see mean/median approval times and processing counts, letting them plan transactions, capital moves, and timelines with less regulatory uncertainty.
Prospective applicants will be able to learn common reasons for denials or withdrawals across agencies, helping them correct deficiencies, improve application quality, and reduce resubmissions and delays.
Federal and state supervisory agencies and taxpayers will incur increased administrative costs and staff burdens to compile and publish the required reports, paid from agency budgets, supervision fees, or assessments.
Financial institutions and applicants face risks that publishing common denial reasons will disclose sensitive supervisory concerns or proprietary applicant details, causing reputational harm or undermining confidentiality of supervisory practices.
If data are incomplete, inconsistently reported, or oversimplified across agencies or states, published metrics could mislead applicants or policymakers about approval prospects and timelines.
Based on analysis of 6 sections of legislative text.
Requires federal banking agencies to publish annual reports with counts, mean/median processing times, and common reasons for outcomes on bank, credit union, holding company, and deposit insurance applications.
Official title: To require annual reports on national bank and Federal savings association charter applications, depository institution holding company applications, Federal deposit insurance applications, and State depository institution charter applications, and for other purposes.
Introduced December 10, 2025 by Barry D. Loudermilk · Last progress December 10, 2025
Requires federal banking regulators (OCC, NCUA, Federal Reserve, FDIC) to publish annual reports on charter and deposit insurance application activity and processing times, including counts by disposition, mean/median approval times, and, when practicable, common reasons for denials or withdrawals. It also requires a joint annual report—with consultation from state banking and credit union regulators—detailing state-level application counts, processing times, and common reasons for denials or withdrawals for state-chartered depository institutions and credit unions.