H.R. 1900 — Bank Failure Prevention Act of 2025

This section establishes parallel procedures for the Federal Reserve Board (FRB) and responsible agencies to determine the completeness of application records—requiring notice to applicants within 30 days (extendable by 30 days for complex applications) confirming completeness or specifying deficiencies, deeming the record complete upon applicant's response unless the agency notifies of material deficiencies within 30 days (considering only applicant-provided information and excluding third-party input), and mandating approval or denial within 90 days of initial submission (extendable by up to 30 days at applicant request, with automatic approval upon agency inaction)—for (1) bank holding company acquisitions under the Bank Holding Company Act of 1956 (previously requiring action within 91 days after complete record submission); (2) savings and loan holding company acquisitions under the Home Owners' Loan Act (previously requiring action within 90 days after complete record submission); and (3) mergers of insured depository institutions under the Federal Deposit Insurance Act.