H.R. 6570

[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