US HB6555

Comptroller of the Currency, FDIC, and Federal Reserve Board must jointly conduct a study on shelf charters and modified bidder qualification processes used in bank resolutions

Study must examine all conditional or preliminary shelf charter approvals granted between January 1, 2008, and the date of enactment, including their use in 2023 bank receiverships

Study will assess whether greater use of these tools could have expanded bidder pools, increased competition, protected the Deposit Insurance Fund, or reduced need for emergency Treasury determinations

Joint report to House Financial Services and Senate Banking Committees required within 1 year of enactment, including findings and identification of statutory or regulatory barriers with legislative recommendations

Study must also evaluate benefits and risks of private equity ownership of banks through shelf charters and modified bidder qualification processes