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EconomyH.R. 6546Not Yet VotedComments

Merger Process Review Act

Official title: To require the Inspector General of each Federal prudential regulator to carry out a review every 3 years of the regulator's handling of insured depository institution merger applications, and for other purposes.

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What Happened in Congress?

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Not yet voted on the floor.

Where the Bill Stands

  1. Introduced, done
  2. Committee, done
  3. Floor Vote, current stage
  4. Outcome, not yet

What This Bill Does

This bill requires the appropriate Office of the Inspector General (OIG) that serves the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to periodically review the merger applications received by that regulator.

Specifically, every three years, the appropriate OIG must examine that regulator’s merger approval procedures, including timeliness and efficiency, and report on its findings and recommendations. The regulator must then submit a plan to implement the appropriate recommendations.

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Related Documents

Bill on Congress.govWeb Page ↗ (opens in a new tab)

Timeline

  1. House floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-528.
  2. House committee actionsCommittee Consideration and Mark-up Session Held
  3. House committee actionsCommittee Consideration and Mark-up Session Held
  4. Library of CongressIntroduced in House
  5. House floor actionsReferred to the House Committee on Financial Services.
  6. Introduced
  7. Committee

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