H.R. 5262: Bank Competition Modernization Act

119th Congress · introduced 2025-09-10 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 317.

federal

What does this mean?

Official title

Bank Competition Modernization Act

Plain summary

Bank Competition Modernization Act This bill allows financial regulators to approve certain bank mergers without considering if the merger is noncompetitive or monopolistic. Currently, regulators are prohibited from approving a bank acquisition, merger, or consolidation that would result in a monopoly, that would be in furtherance of a conspiracy or attempt to create a monopoly, the approval of which would substantially lessen competition, or that would otherwise restrain trade. The bill prohibits regulators from considering these factors for mergers that would result in an entity with less than $10 billion in assets. This threshold must be adjusted annually to reflect increases in the U.S. nominal gross domestic product.

Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

Bank Competition Modernization Act

Source: Congressional Research Service summary (Reported to House)

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Officials and money

Sponsor: Rep. Fitzgerald, Scott [R-WI-5] · 0 cosponsors

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Words on this page, explained (1)

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Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr5262.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr5262 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills