Comptroller Issues Statement Explaining Abstention from FDIC Vote on Resolution Plan Feedback — 2026-05-22

WASHINGTON—Comptroller of the Currency Jonathan V. Gould issued the following statement today on his abstention from the Federal Deposit Insurance Corporation (FDIC) vote on feedback concerning the July 2025 Dodd-Frank Act Section 165(d) resolution plans: I am abstaining from voting on the FDIC staff’s proposal regarding the resolution plans of the U.S. global systemically important banks (GSIBs) because I believe that there are fundamental issues with the current resolution planning processes that continue to be unaddressed. Five months ago, I gave a speech detailing some of the legal and conceptual issues that I have with resolution planning at both the bank and holding company level, noting the limited value of the planning process and the plans themselves, and advocating for significant reforms. Many people expressed their agreement with and appreciation for that speech, and my concerns have not changed.