Merger Agreement Approvals Clarity and Predictability Act
Sponsored By: Representative Fitzgerald
In Committee
Summary
Clarifies how banking regulators use commitments and conditions in merger approvals. It would direct the Government Accountability Office to conduct a comprehensive study of how the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration Board apply commitments, conditions, and other procedures to insured depository institution merger applications and to deliver a final report to Congress within one year of enactment.
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- Banks and credit unions: GAO would evaluate whether regulators' use of commitments and conditions aligns with statutory requirements and whether nonstatutory factors influenced decisions.
- Federal regulators: The study must include quantifiable metrics and a review of different merger-review approaches and their benefits and risks.
- Consumers, markets, and communities: The report will assess how these review practices and approved mergers affect safety and soundness, financial stability, competition, and the availability of financial products and services.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Study of bank merger review practices
If enacted, the Comptroller General would study how federal bank regulators review mergers of insured depository institutions. The study would evaluate data and whether commitments and conditions follow the law or reflect outside factors. It would assess benefits and risks of different review approaches and impacts on safety and soundness, financial stability, competition, and access to bank products and services. GAO would deliver a report with all findings to Congress within 1 year of enactment.
Sponsors & CoSponsors
Sponsor
Fitzgerald
WI • R
Cosponsors
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 1/9/2026
Roll Call Votes
No roll call votes available for this bill.
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