Search Results: keywords:"application review process"

  • H. R. 7144 — To amend the Higher Education Act of 1965 to modify the application and review process for changes of control, and for other purposes.
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    Status:Introduced in House
    Words:3,942

    H.R. 7144, known as the "Change of Ownership and Conversion Improvement Act," proposes changes to the Higher Education Act of 1965 regarding how changes in control and ownership of higher education institutions are reviewed. It seeks to improve the process by which the U.S. Department of...

    Simple Explanation

    The Change of Ownership and Conversion Improvement Act is a plan to make rules for when colleges change who runs them; it wants this to be done faster and more fairly, by making colleges help pay for the checks done by the Department of Education to make sure they're still using money properly.

  • 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.