HR 6547 · introduced · significant
Least Cost Exception Act
- economy
What this bill does
- The FDIC can waive its requirement to use the cheapest method when resolving failed banks if certain conditions are met.
- This affects the FDIC, failed banks, and potentially large systemically important banks that might otherwise acquire failing banks.
- The FDIC must report on any use of this exception and analyze the cost differences involved.
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Community Threads
Started by Cosponsor
- 01
Under what circumstances would the FDIC justify spending more than the least costly method to resolve a failed bank?
- 02
How might allowing exceptions to least-cost resolution affect the likelihood that larger banks will acquire failing institutions?
- 03
What information should the FDIC's required reports include to help Congress evaluate whether these exceptions are being used appropriately?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-NE-1
Mike Flood
Citizen cosponsors
0
In Congress
4/ 435
House Reps cosponsoring
Introduced 2026-02-02
Joining the bill
Legislative timeline
2026-02-02 · house · Calendars
Placed on the Union Calendar, Calendar No. 405.
2026-02-02 · house · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-474.
2026-02-02 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-474.
2025-12-17 · house · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
2025-12-17 · house · Committee
Committee Consideration and Mark-up Session Held
2025-12-16 · house · Committee
Committee Consideration and Mark-up Session Held
2025-12-10 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-12-10 · IntroReferral
Introduced in House
2025-12-10 · IntroReferral
Introduced in House
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