HR. 6547Introduced
Least Cost Exception Act
Allows the FDIC to waive least cost resolution rules for failed banks when a qualifying non G SIB alternative limits banking concentration and stays within set cost bounds
Plain-English overview
What this bill does
Allows the FDIC to waive least cost resolution rules for failed banks when a qualifying non G SIB alternative limits banking concentration and stays within set cost bounds
Key points
- Require purchaser assessment payments
- Require FDIC impact reports
- Limit resolutions involving G SIBs
- Allow FDIC waiver exception
Current status
Where it stands
Status
Introduced
Latest action
2026-02-02 — Placed on the Union Calendar, Calendar No. 405.
Related context
Topics and policy areas
undefinedAccounting and auditingBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightCorporate finance and managementFederal Deposit Insurance Corporation (FDIC)Finance and Financial Sector