Resolution Submissions Required for Covered Insured Depository Institutions
The FDIC proposes requiring insured depository institutions with ≥$50B assets to submit resolution plans, impacting small banks that hold federal contracts or grants.
Aforeworn detected this change in the Government Contracting (SAM/FAR) space on July 8, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Low urgency. Small businesses that are insured depository institutions with ≥$50B in assets and hold federal contracts, grants, or GSA schedules. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Comment period ends 60 days after publication (approx. Aug 29, 2026).. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Government Contracting (SAM/FAR) continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Proposed rule requires resolution submissions (living wills) for covered IDIs, expanding existing requirements to smaller institutions.
Who it affects
Small businesses that are insured depository institutions with ≥$50B in assets and hold federal contracts, grants, or GSA schedules.
What you must do
Monitor rulemaking; submit comments by deadline if affected; prepare for potential compliance costs.
Deadline
Comment period ends 60 days after publication (approx. Aug 29, 2026).
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