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    <number>3914</number>
    <updateDate>2025-05-27T14:11:27Z</updateDate>
    <updateDateIncludingText>2025-05-27T14:11:27Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2023-06-07</introducedDate>
    <congress>118</congress>
    <cdata>
      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 99 (Wednesday, June 7, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. LYNCH:H.R. 3914.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3The single subject of this legislation is:To prohibit the use of certain concentration limitexceptions applicable to mergers involving a failed bank ifthere are other qualifying bids, and for other purposes[Page H2780]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <systemCode>hsba00</systemCode>
        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <name>Referred To</name>
            <date>2023-06-07T14:02:35Z</date>
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        <actionDate>2023-06-07</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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            <name>Financial Services Committee</name>
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        <actionDate>2023-06-07</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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        <actionDate>2023-06-07</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>L000562</bioguideId>
        <fullName>Rep. Lynch, Stephen F. [D-MA-8]</fullName>
        <firstName>Stephen</firstName>
        <lastName>Lynch</lastName>
        <party>D</party>
        <state>MA</state>
        <middleName>F.</middleName>
        <district>8</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2023-07-12T15:16:41Z</updateDate>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2023-06-07</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2024-02-14T16:23:22Z</updateDate>
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          <text>&lt;p&gt;&lt;b&gt;Failing Bank Acquisition Fairness Act&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill restricts the ability of large banks and financial companies to acquire banks in default or in danger of default if smaller institutions otherwise qualify. Specifically, if a merger with a bank in default results in one institution controlling more than a specified percentage of deposits or liabilities in the United States, regulators are prohibited from approving it, unless no other institution qualifies. &lt;/p&gt;</text>
        </cdata>
      </summary>
    </summaries>
    <title>Failing Bank Acquisition Fairness Act</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>Failing Bank Acquisition Fairness Act</title>
        <updateDate>2024-07-24T15:21:42Z</updateDate>
      </item>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Failing Bank Acquisition Fairness Act</title>
        <updateDate>2024-05-24T13:38:58Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>To prohibit the use of certain concentration limit exceptions applicable to mergers involving a failed bank if there are other qualifying bids, and for other purposes.</title>
        <updateDate>2024-03-18T20:57:41Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
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        <type>Introduced in House</type>
        <date>2023-06-07T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-118hr3914ih/xml/BILLS-118hr3914ih.xml</url>
          </item>
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      </item>
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    <latestAction>
      <actionDate>2023-06-07</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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