Merger Agreement Approvals Clarity and Predictability Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6570 Introduced in House (IH)]

<DOC>






119th CONGRESS
  1st Session
                                H. R. 6570

 To require the Comptroller General of the United States to study the 
use of commitments and conditions in connection with insured depository 
   institution merger applications by Federal depository institution 
 regulatory agencies to ensure they align with statutory requirements, 
                        and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 10, 2025

Mr. Fitzgerald introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To require the Comptroller General of the United States to study the 
use of commitments and conditions in connection with insured depository 
   institution merger applications by Federal depository institution 
 regulatory agencies to ensure they align with statutory requirements, 
                        and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Merger Agreement Approvals Clarity 
and Predictability Act''.

SEC. 2. GAO STUDY ON USE OF COMMITMENTS AND CONDITIONS IN CONNECTION 
              WITH INSURED DEPOSITORY INSTITUTION MERGER APPLICATIONS.

    (a) Study.--The Comptroller General of the United States shall 
carry out a study on the use of commitments and conditions by Federal 
depository institution regulatory agencies in connection with insured 
depository institution merger applications. The study shall--
            (1) include an evaluation of relevant quantifiable metrics; 
        and
            (2) review the extent to which the use of commitments and 
        conditions has aligned with statutory requirements, including a 
        review of whether the use of commitments and conditions has 
        been influenced by extrastatutory issues or considerations.
    (b) Report.--Not later than 6 months after the date of enactment of 
this Act, the Comptroller General shall issue a report to Congress 
containing all findings and determinations made in carrying out the 
study required under subsection (a).
    (c) Definitions.--In this section:
            (1) Application.--The term ``application'' means an 
        application, notice, or other similar request for permission 
        submitted to a Federal depository institution regulatory 
        agency.
            (2) Federal depository institution regulatory agency.--The 
        term ``Federal depository institution regulatory agency'' means 
        the Board of Governors of the Federal Reserve System, the 
        Comptroller of the Currency, the Federal Deposit Insurance 
        Corporation, and the National Credit Union Administration 
        Board.
            (3) Insured depository institution.--The term ``insured 
        depository institution''--
                    (A) has the meaning given that term in section 3 of 
                the Federal Deposit Insurance Act (12 U.S.C. 1813); and
                    (B) means an insured credit union, as defined in 
                section 101 of the Federal Credit Union Act (12 U.S.C. 
                1752).
            (4) Insured depository institution merger application.--The 
        term ``insured depository institution merger application'' 
        means an application with respect to the acquisition of an 
        insured depository institution, its equity interests, its 
        assets, or its deposits under--
                    (A) section 10(e) of the Home Owners' Loan Act (12 
                U.S.C. 1467a(e));
                    (B) section 205(b) of the Federal Credit Union Act 
                (12 U.S.C. 1785(b));
                    (C) section 7(j) of the Federal Deposit Insurance 
                Act (12 U.S.C. 1817(j));
                    (D) section 18(c)(2) of the Federal Deposit 
                Insurance Act (12 U.S.C. 1828(c)(2));
                    (E) section 3 of the Bank Holding Company Act of 
                1956 (12 U.S.C. 1842); and
                    (F) section 4 of the Bank Holding Company Act of 
                1956 (12 U.S.C. 1843).
                                 <all>