[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6570 Reported in House (RH)]
<DOC>
Union Calendar No. 460
119th CONGRESS
2d Session
H. R. 6570
[Report No. 119-535]
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
February 25, 2026
Additional sponsor: Mr. Lawler
February 25, 2026
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed
in italic]
[For text of introduced bill, see copy of bill as introduced on
December 10, 2025]
_______________________________________________________________________
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, conditions, and other
aspects of merger review procedures 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;
(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;
(3) consider the benefits and risks of utilizing different
merger review approaches and procedures in compliance with the
law; and
(4) include an evaluation of the impact of such merger
review procedures and resulting approved mergers on safety and
soundness, financial stability, competition, and the
availability of financial products and services offered by
insured depository institutions.
(b) Report.--Not later than 1 year 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).
Union Calendar No. 460
119th CONGRESS
2d Session
H. R. 6570
[Report No. 119-535]
_______________________________________________________________________
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.
_______________________________________________________________________
February 25, 2026
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed