Enhancing Bank Resolution Participation Act

H.R. 6555 would direct the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board to jointly conduct a comprehensive study on shelf charters and modified bidder qualification processes used in bank resolutions. The study would examine how these tools have been used since 2008, including their application during the 2023 bank receiverships, and assess their impact on financial stability and consumer access to banking services. The bill would require federal banking agencies to submit findings and recommendations to Congress within one year of enactment. This legislation would help Congress understand whether current tools for managing failed banks are working effectively and whether changes are needed to improve the bank resolution process.