Merger Process Review Act
Bank Merger Reviews: Regular Inspector General Checks on Approval Speed
Legislative Progress
Key Points
- Congress would require watchdog offices at key bank regulators to review merger approvals for speed and efficiency.
- Within 1 year of becoming law, and then every 3 years, each watchdog would measure things like average and middle processing times.
- The reviews must point out what causes delays in bank and credit union merger applications and suggest fixes.
- Each watchdog must send a report to Congress, and the regulator must reply with a plan to carry out recommended changes when appropriate.
Impact Analysis
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Milestones
Placed on the Union Calendar, Calendar No. 453.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-528.
Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 0.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
Committee Consideration and Mark-up Session Held
Votes
No votes have been recorded for this legislation yet.
News
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Source Information
Document Type
Congressional Bill
Official Title
Merger Process Review Act
Data Sources
Sponsor
Cosponsors
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