This bill, known as the "New BANK Act of 2025," mandates annual reporting requirements for several federal financial regulatory agencies concerning various types of financial institution applications. Its primary goal is to enhance transparency and provide detailed data on the application processes for new banks, savings associations, and credit unions. The Comptroller of the Currency must report on national bank and federal savings association charter applications, while the National Credit Union Administration Board will provide an annual report on federal credit union charter applications. Both reports must detail application numbers, mean and median approval times, and common reasons for denial or withdrawal. The Federal Reserve System is required to report on applications to become a top-tier depository institution holding company, and the Federal Deposit Insurance Corporation will publish an annual report on federal deposit insurance applications, covering similar metrics. Furthermore, these three agencies must jointly publish an annual report on State depository institution and State credit union charter applications , including State-specific numbers, approval times, and reasons for denial or withdrawal, in consultation with State regulators.