Bank Failure Prevention Act of 2025

Bill 119 HR 1900, also known as the "Complete Record Act," aims to establish clear guidelines for when the record is considered complete for certain acquisition applications involving depository institution holding companies.

The bill outlines specific requirements that must be met in order for an application to be considered complete, including the submission of all necessary documentation and information. This is intended to streamline the application process and ensure that all relevant information is available to regulators when making decisions about acquisitions.

Additionally, the bill includes provisions for expedited review of applications that meet the criteria for a complete record, in order to facilitate timely decision-making. This is seen as a way to promote efficiency and transparency in the regulatory process. Overall, the goal of Bill 119 HR 1900 is to provide clarity and consistency in the review of acquisition applications related to depository institution holding companies, ultimately benefiting both the companies involved and the regulatory agencies responsible for overseeing them.