Search Results: keywords:"application completeness"

  • H. R. 1900 — To specify when the record is complete on certain acquisition applications related to depository institution holding companies, and for other purposes.
    Status:Introduced in House
    Words:1,178

    H. R. 1900, titled the “Bank Failure Prevention Act of 2025,” aims to clarify the process for determining when an application involving depository institution holding companies is complete. The bill requires the Board to inform applicants within 30 days if their application...

    Simple Explanation

    In H. R. 1900, also known as the “Bank Failure Prevention Act of 2025,” the bill makes sure that when a company asks for permission to take over a bank, they get a quick "yes" or "no." If the people in charge of making the decision take too long, it's like an automatic "yes" is approved.

  • H. R. 7403 — To specify when the record is complete on certain acquisition applications related to depository institution holding companies, and for other purposes.
    Status:Introduced in House
    Words:1,178

    The bill, known as the "Bank Failure Prevention Act of 2024," aims to establish clear procedures and deadlines for processing acquisition applications related to depository institution holding companies and savings and loan holding companies. It requires the Board to notify applicants within...

    Simple Explanation

    The "Bank Failure Prevention Act of 2024" is a plan to make sure decisions about certain bank company applications are made quickly, usually within 90 days. If it takes too long, the application is automatically approved, and the people checking the applications are not allowed to use outside information to make a decision.