H.R. 6555: Enhancing Bank Resolution Participation Act
Sponsor
Bill Huizenga
Republican · MI-4
Bill Progress
Latest Action · Feb 25, 2026
Placed on House floor schedule, Calendar No. 459.
Why it matters
After the 2023 bank failures, Congress wants regulators to examine whether more buyers could be lined up faster the next time a bank collapses.
Importantly, the bill itself does not authorize new powers, spend large sums, or require regulators to use these tools more often. It requires a report within one year identifying what worked, what barriers exist in current law or regulation, and what Congress or regulators might need to change if they want a broader bank resolution toolbox.
What does H.R. 6555 do?
Orders a joint regulator study
Requires the OCC, FDIC, and Federal Reserve to work together on a detailed review of shelf charters and the modified bidder qualification process.
Looks back at approvals since 2008
Tells regulators to examine all conditional or preliminary shelf charter approvals granted from January 1, 2008, through the bill's enactment.
Reviews the 2023 bank failures
Requires a case-specific look at whether these tools were considered or used in any 2023 bank receivership handled by the FDIC.
Measures effects on competition and stability
Directs regulators to assess whether wider use of these tools could increase the number of bidders, improve market competition, protect the Deposit Insurance Fund, and support financial stability.
Examines private equity ownership risks
Requires an analysis of the potential benefits and downsides of private equity firms owning banks through these structures.
Calls for reform recommendations
Requires a report to Congress within one year that identifies legal or regulatory barriers and suggests possible legislative or regulatory changes.
Who benefits from H.R. 6555?
Federal bank regulators
They would get a formal, shared review of what tools are available in future bank failures and where current rules may be limiting options.
Potential bank acquirers and investors
If the study leads to reforms, more firms could be better positioned to bid on failed banks or bank assets.
Deposit Insurance Fund
A larger and more competitive bidder pool could, in theory, reduce resolution costs and lessen losses to the fund.
Bank customers in failed institutions
Faster and more competitive resolutions could help preserve access to banking services and reduce disruption when a bank collapses.
Who is affected by H.R. 6555?
FDIC, OCC, and Federal Reserve
These agencies would have to conduct the study together and produce a report to Congress within one year.
Private equity firms and nonbank investors
They are directly affected because the bill studies whether and how they should participate more in failed-bank acquisitions.
Traditional banks and bank holding companies
They could face more competition from nontraditional bidders if future reforms make failed-bank acquisitions easier for outside investors.
Congressional banking committees
They would receive the report and likely use it to decide whether broader statutory changes are needed.
H.R. 6555 Common Questions
How soon would regulators have to report on bank shelf charters and bidder qualification under HR 6555?
Under the Enhancing Bank Resolution Participation Act, the OCC, FDIC, and Federal Reserve must send Congress a joint report within 1 year of enactment (Section 2).
Does HR 6555 require a review of all shelf charter approvals since 2008?
Yes. According to H.R. 6555 Section 2, regulators must analyze all OCC conditional or preliminary shelf charter approvals granted from January 1, 2008, through enactment.
Can private equity ownership of banks be studied under the Enhancing Bank Resolution Participation Act?
Yes. Under the Enhancing Bank Resolution Participation Act, regulators must analyze the benefits and risks of private equity firms owning banks through these structures (Section 2).
Does HR 6555 look at whether shelf charters were used in the 2023 bank failures?
Yes. H.R. 6555 Section 2 requires a review of whether shelf charters or the modified bidder qualification process were considered or used in any 2023 FDIC receivership.
Which regulators have to conduct the bank resolution study in HR 6555?
The joint study must be done by the OCC, the FDIC, and the Board of Governors of the Federal Reserve System under H.R. 6555 Section 2.
What are shelf charters in HR 6555 based on?
According to H.R. 6555 Section 2, “shelf charter” uses the definition in the OCC's October 2017 report, "Activities Permissible for National Banks and Federal Savings Associations, Cumulative."
What is the modified bidder qualification process referenced in HR 6555?
Under H.R. 6555 Section 2, it is the FDIC process described in its November 26, 2008 press release allowing bidders without a bank charter to participate.
Can HR 6555 lead to recommendations for changing bank merger or charter laws?
Yes. Under the Enhancing Bank Resolution Participation Act (Section 2), the report must identify statutory or regulatory barriers and recommend possible legislative or regulatory changes.
Does HR 6555 study whether more bidders could protect the Deposit Insurance Fund?
Yes. H.R. 6555 Section 2 requires regulators to assess whether these tools could expand bidders, increase competition, and better protect the Deposit Insurance Fund.
Does HR 6555 review how the Bank Holding Company Act and Home Owners' Loan Act apply to shelf charters?
Yes. According to H.R. 6555 Section 2, the study must analyze how the Bank Holding Company Act of 1956 and section 10 of the Home Owners' Loan Act apply to shelf charter proposals.
Based on H.R. 6555 bill text
HR6555 Legislative Journey
House: Committee Action
Feb 25, 2026
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-534.
House: Vote: 51-0
Dec 17, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
House: Committee Action
Dec 16, 2025
Committee Consideration and Mark-up Session Held
House: Committee Action
Dec 10, 2025
Referred to the House Committee on Financial Services.
About the Sponsor
Bill Huizenga
Republican, Michigan's 4th congressional district · 15 years in Congress
Committees: Financial Services, Foreign Affairs
View full profile →
Cosponsors (2)
This bill has 2 cosponsors: 1 Democrat, 1 Republican, reflecting bipartisan support. Cosponsors represent 2 states: New Jersey, New York.
Committee Sponsors
Financial Services Committee
2 of 54 committee members cosponsored
29 Republicans across this committee haven't cosponsored yet. Mobilize their constituents
H.R. 6555 Quick Facts
- Committee
- Financial Services
- Chamber
- House
- Policy
- Finance and Financial Sector
- Introduced
- Dec 10, 2025
Placed on House floor schedule, Calendar No. 459.
Feb 25, 2026
Who is lobbying on H.R. 6555?
2 organizations lobbying on this bill
AMERICAN BANKERS ASSOCIATION | 1 |
INDEPENDENT COMMUNITY BANKERS OF AMERICA | 1 |
Showing 1-2 of 2 organizations
H.R. 6555 Bill Text
“To require the Comptroller of the Currency and the Federal Deposit Insurance Corporation to carry out a study on shelf charters and modified bidder qualification processes, and for other purposes.”
Source: U.S. Government Publishing Office
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