H.R. 5912 would change how the Federal Deposit Insurance Corporation (FDIC) regulates new industrial loan applicants and other industrial loan companies that it insures. The FDIC’s administrative costs for such activities are classified as direct spending. CBO estimates that enacting H.R. 5912 would have an insignificant effect on direct spending and no effect on revenues over the 2023-2032 period. CBO has not estimated the discretionary costs of implementing the bill. The bill would impose private-sector mandates as defined in the Unfunded Mandates Reform Act that would not exceed the annual threshold of $184 million in 2022 (adjusted annually for inflation). The bill does not contain intergovernmental mandates.