Requires annual public reports from federal bank, credit union, and deposit insurance regulators on how many charter and insurance applications they receive and decide, how long approvals take, and why applications are denied or withdrawn.

• The Comptroller of the Currency reports counts of national bank and federal savings association charter applications, including approvals, denials, and withdrawals, plus mean and median approval times.
• The National Credit Union Administration reports the same kinds of figures for federal credit union charter applications.
• The Federal Reserve reports on applications to become bank holding companies, and the FDIC reports on federal deposit insurance applications.
• The Federal Reserve, FDIC, and NCUA Board jointly report state bank and state credit union charter applications, with figures shown for each state.

• Financial Services Committee (House)

Finance and Financial Sector