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Study Mandated on Bank Merger Approvals: Ensuring Regulatory Compliance.

This law requires the Government Accountability Office (GAO) to conduct a detailed study on how federal banking regulators approve mergers between banks and credit unions. The goal is to verify if the conditions imposed on merging institutions are strictly legal and not influenced by non-statutory factors. While this bill does not change banking rules directly, it aims to increase transparency and predictability in the financial sector, which indirectly supports the stability of your deposits and access to banking services.
Key points
Mandates a study to review whether federal banking agencies (like the Fed and FDIC) follow legal requirements when approving mergers of insured financial institutions.
The study will specifically evaluate if conditions placed on merging banks align with existing law, rather than being based on informal or external considerations.
A report detailing the findings on the transparency and predictability of major bank transaction approvals must be delivered to Congress within six months.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6570
Sponsor: Rep. Fitzgerald, Scott [R-WI-5]
Process start date: 2025-12-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Merger Agreement Approvals Clarity and Predictability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6570.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-12-10.

What are the main provisions?

Key points include:

  • Mandates a study to review whether federal banking agencies (like the Fed and FDIC) follow legal requirements when approving mergers of insured financial institutions.
  • The study will specifically evaluate if conditions placed on merging banks align with existing law, rather than being based on informal or external considerations.
  • A report detailing the findings on the transparency and predictability of major bank transaction approvals must be delivered to Congress within six months.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Fitzgerald, Scott [R-WI-5].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 0.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy