H.R. 6547 - Least Cost Exception Act

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Summary

H.R. 6547, the Least Cost Exception Act, would modify the Federal Deposit Insurance Act to provide an exception to the least-cost resolution requirement that currently governs how the FDIC handles failed banks. Under current law, when a bank fails, the FDIC must resolve it using the method that costs the least to the federal Deposit Insurance Fund, unless a systemic risk exception applies. This bill would create an additional exception to that requirement, though the specific circumstances triggering this new exception are still being finalized in the legislative process.

If enacted, this bill could affect how the FDIC resolves bank failures and may influence the costs borne by the Deposit Insurance Fund, which is funded through assessments on banks. The practical impact on everyday citizens would depend on the specific exception created and whether it affects deposit insurance coverage, bank fees, or the stability of the banking system. The bill has passed committee review and is eligible for a floor vote in the House.

AI-generated summary

Committee Consideration and Mark-up Session Held

Dec 16, 2025

HearingHouseMarkup

Dec 16, 2025 · 15:00

Various Measures

Committee

House Committee on Financial Services

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Summary

On December 16, 2025, the House Committee on Financial Services held a session to examine various financial services and housing measures. The bills under consideration included H.R. 4130 (Small Business Relief Act), which would exclude certain institutional investors from registration thresholds; H.R. 1078 (Respect State Housing Laws Act), which would eliminate a federal 30-day eviction notice requirement for federally-backed housing; H.R. 6644 (Housing for the 21st Century Act), a bipartisan housing package addressing housing supply and affordability; H.R. 4646 (Whistleblower Protection Act of 2025), extending protections to HUD-funded contracts; H.R. 6552 (Bank-Fintech Partnership Enhancement Act), requiring a study on bank-fintech partnerships; and several other bills addressing banking regulations and rural housing. The committee also considered H.R. 6550 (American FIRST Act), H.R. 6544 (REVIEW Act), H.R. 6536 (Rural Depositories Revitalization Study Act), and H.R. 6547 (Least Cost Exception Act). These bills reflect the committee's focus on reducing regulatory burdens, expanding housing supply, strengthening community banks, and protecting whistleblowers. The hearing did not guarantee advancement of any bills, as they still required committee votes and further legislative action.