Federal Legislation
Congress Mandates Bank Resolution Study
February 25, 2026
Congress has enacted H.R. 6555, the Enhancing Bank Resolution Participation Act, which requires the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and Federal Reserve Board (FRB) to jointly conduct a study on the use and impact of shelf charters and modified bidder qualification processes in failed bank resolutions. This study aims to evaluate how these mechanisms could broaden bidder participation, increase competition, protect the Deposit Insurance Fund, and enhance overall financial stability. The agencies must submit their findings to Congress within one year of the law's enactment, setting a clear timeline for potential regulatory or procedural changes affecting bank resolution procurement processes.
- Why this matters: Procurement professionals and contractors in financial services and regulatory compliance should anticipate possible adjustments in bidder qualification criteria and resolution participation frameworks that could open new contracting opportunities.
- The mandated study signals potential future reforms in bank resolution procurement, emphasizing increased competition and expanded participation.
- Financial institutions and service providers should prepare for evolving requirements that may impact how contracts related to failed bank resolutions are awarded and managed.
- Agencies involved in bank resolution procurement will need to coordinate closely to implement any recommended changes following the study's report to Congress.
Agencies
Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, Committee on Financial Services, Committee on Banking, Housing, and Urban Affairs
Locations
Sources
- H. Rept. 119-534 - ENHANCING BANK RESOLUTION PARTICIPATION ACT · congress · Feb 25