,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #cbac  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,janu>y #af1 #bjbj,ms4 
,w>r5 introduc$ ! foll[+ bill2 :i* 0    
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d c]ta9 bank+ laws to    
e/abli% requirem5ts = bank m]g]s1 & =   
o!r purposes4  #a4 ,%ort title2 table ( 
cont5ts  7a7 ,%ort title ,?is ,act may  
be cit$ z ! ,bank ,m]g] ,review         
,mod]nization ,act ( #bjai4  7b7 ,table 
( cont5ts ,! table ( cont5ts = ?is ,act 
is z foll[s3 ,sec4 #a4 ,%ort title2     
table ( cont5ts4,sec4 #b4 ,compliance ) 
,f$]al consum] f9ancial laws4,sec4 #c4  
,co/-b5efit analysis = m]g]             
transactions4,sec4 #d4 ,community       
,re9ve/m5t ,act p]=mance4,sec4 #e4      
,f9ancial /ability consid]ations = m]g] 
transactions4,sec4 #f4 ,f9ancial crit]ia
 = c]ta9 m]g] transactions4,sec4 #g4    
,manag]ial crit]ia = c]ta9 m]g]         
transactions4,sec4 #h4 ,competitive     
effects4,sec4 #i4 ,transp>5cy 9 m]g]    

review4,sec4 #aj4 ,f9ancial /ability    
exception4,sec4 #aa4 ,citiz5 /&+4  #b4  
,compliance ) ,f$]al consum] f9ancial   
laws  7a7 ,application = m]g]s or       
acquisitions  7#a7 ,9 g5]al ,n lat] ?an 
#ahj days aft] ! date ( ! enactm5t ( ?is
 ,act1 ! ,director ( ! ,bureau (        
,consum] ,f9ancial ,protection %all     
e/abli% proc$ures = a cov]$ applicant to
 submit an application to directly or   
indirectly m]ge )1 or directly or       
indirectly acquire1 a p]son t (f]s or   
provides consum] f9ancial products or   
s]vices 7z def9$ 9 section #ajjb ( !    
,consum] ,f9ancial ,protection ,act (   
#bjaj 7#ab ,u4,s4,c4 #edha7ad7774  7#b7 
,public comm5t ,! ,director %all all[ a 
p]iod ( at lea/ #cj days = public comm5t
 on applications submitt$ "u p>agraph   
7#a74  7b7 ,prohibition ,x %all be      
unlawful = a cov]$ applicant to directly
 or indirectly m]ge )1 or directly or   
indirectly acquire1 a p]son t (f]s or   
provides consum] f9ancial products or   
s]vices 7z def9$ 9 section #ajjb ( !    

,consum] ,f9ancial ,protection ,act (   
#bjaj 7#ab ,u4,s4,c4 #edha7ad777 )\t !  
prior writt5 approval ( ! ,director4    
7c7 ,consid]ations ,9 consid]+ an       
application "u subsection 7a71 !        
,director %all-- 7#a7 consid] ! records 
( ! cov]$ applicant & ! p]son ) respect 
to compliance ) ! ,f$]al consum]        
f9ancial laws2 &  7#b7 d5y su*          
application if ! result+ in/itution w\ld
 n h adequate sy/ems 9 place to ensure  
compliance ) ! ,f$]al consum] f9ancial  
laws4  7d7 ,cov]$ applicant def9$ ,9 ?is
 section1 ! t]m cov]$ applicant means an
 insur$ depository in/itution 7z def9$ 9
 section #c ( ! ,f$]al ,deposit         
,insurance ,act 7#ab ,u4,s4,c4 #ahac77  
or a depository in/itution hold+ company
 7z def9$ 9 su* section7 ) m ?an        
#aj1jjj1jjj1jjj 9 total assets4  #c4    
,co/-b5efit analysis = m]g] transactions
  7a7 ,insur$ depository in/itutions    
,section #ah7;c7 ( ! ,f$]al ,deposit    
,insurance ,act 7#ab ,u4,s4,c4          
#ahbh7;c77 is am5d$ by add+ at ! end !  

foll[+ new p>agraph3  7#ad7 ,analysis ( 
co/s & b5efits  7,a7 ,9 g5]al ,!        
responsible ag5cy %all n approve any    
propos$ m]g] transaction "u ?is         
subsection unless ! responsible ag5cy   
det]m9es t ! public b5efits ( ! m]g]    
transaction outweigh ! expect$ co/s4    
7,b7 ,evaluation ,9 evaluat+ ! expect$  
co/s ( ! propos$ m]g] transaction "u    
subp>agraph 7,a71 ! responsible ag5cy   
%all consid]--  7i7 ! probable effect ( 
! propos$ m]g] transaction on ! co/ &   
availability ( f9ancial products &      
s]vices2  7ii7 ! probable effect ( bran*
 closures on cu/om]s ( ea* bank or sav+s
 association involv$ 9 ! propos$ m]g]   
transaction2  7iii7 ! probable effect ( 
! propos$ m]g] transaction on relevant  
local economies1 includ+ employm5t      
losses relat+ to bran* closures &       
impacts on job quality2 &  7iv7 any o!r 
co/ ( ! propos$ m]g] transaction t !    
responsible ag5cy consid]s pursuant to  
?is subsection4  4  7b7 ,bank hold+     
companies  7#a7 ,propos$ acquisitions1  

m]g]s1 or consolidations ,section #c7;c7
 ( ! ,bank ,hold+ ,company ,act ( #aief 
7#ab ,u4,s4,c4 #ahdb7;c77 is am5d$ by   
add+ at ! end ! foll[+ new p>agraph3    
7#h7 ,analysis ( co/s & b5efits  7,a7 ,9
 g5]al ,! ,bo>d may n approve an        
application "u ?is section unless !     
,bo>d det]m9es t ! public b5efits ( !   
propos$ transaction outweigh ! expect$  
co/s4  7,b7 ,evaluation ,9 evaluat+ !   
expect$ co/s ( ! propos$ transaction "u 
subp>agraph 7,a71 ! ,bo>d %all consid]--
  7i7 ! probable effect ( ! propos$     
transaction on ! co/ & availability (   
f9ancial products & s]vices2  7ii7 !    
probable effect ( bran* closures on     
cu/om]s ( ea* company involv$ 9 !       
propos$ transaction2  7iii7 ! probable  
effect ( ! propos$ transaction on       
relevant local economies1 includ+       
employm5t losses relat+ to bran*        
closures & impacts on job quality2 &    
7iv7 any o!r co/ ( ! propos$ transaction
 t ! ,bo>d consid]s pursuant to ?is     
subsection4  4  7#b7 ,o!r transactions  

or activities ,section #d7;j77#b7 ( !   
,bank ,hold+ ,company ,act ( #aief 7#ab 
,u4,s4,c4 #ahdc7;j77#b77 is am5d$ by    
add+ at ! end ! foll[+ new subp>agraph3 
7,d7 ,analysis ( co/s & b5efits  7i7 ,9 
g5]al ,! ,bo>d %all d5y a notice fil$   
pursuant to ?is subsection unless !     
,bo>d det]m9es t ! public b5efits ( !   
propos$ transaction or activity describ$
 9 ! notice outweigh ! expect$ co/s4    
7ii7 ,evaluation ,9 evaluat+ ! expect$  
co/s ( ! propos$ transaction "u         
subp>agraph 7,a71 ! ,bo>d %all consid]--
  7,i7 ! probable effect ( ! propos$    
transaction or activity on ! co/ &      
availability ( f9ancial products &      
s]vices2  7,,ii7 ! probable effect (    
bran* closures on cu/om]s ( ea* company 
involv$ 9 ! propos$ transaction or      
activity2  7,,iii7 ! probable effect ( !
 propos$ transaction or activity on     
relevant local economies1 includ+       
employm5t losses relat+ to bran*        
closures & impacts on job quality2 &    
7,,iv7 any o!r co/ ( ! propos$          

transaction or activity t ! ,bo>d       
consid]s pursuant to ?is p>agraph4  4   
#d4 ,community ,re9ve/m5t ,act p]=mance 
7a7 ,insur$ depository in/itutions      
,section #ah7;c7 ( ! ,f$]al ,deposit    
,insurance ,act 7#ab ,u4,s4,c4          
#ahbh7;c771 z am5d$ by section #c1 is   
fur!r am5d$ by add+ at ! end ! foll[+   
new p>agraphs3  7#ae7 ,community        
,re9ve/m5t ,act p]=mance ,! responsible 
ag5cy %all n approve a propos$ m]g]     
transaction "u ?is section if ! l>ge/   
insur$ depository in/itution t is p>ty  
to su* transaction1 bas$ on a comp>ison 
( ! av]age total risk-weight$ assets    
controll$ by ea* insur$ depository      
in/itution t is p>ty to su* transaction 
dur+ ! previ\s #ab-mon? p]iod1 has      
receiv$ a rat+ l[] ?an out/&+ record (  
meet+ community cr$it ne$s on--  7,a7   
two out ( ! ?ree mo/ rec5t writt5       
evaluations requir$ "u section #hjg ( ! 
,community ,re9ve/m5t ,act ( #aigg 7#ab 
,u4,s4,c4 #bijf72 or  7,b7 if ?ree su*  
evaluations are n available1 ! mo/ rec5t

 writt5 evaluation requir$ "u su*       
section4  7#af7 ,community b5efits plan 
7,a7 ,9 g5]al ,9 review+ any application
 fil$ "u ?is p>agraph1 ! responsible    
ag5cy %all require-- 7i7 submission to !
 appropriate ,f$]al f9ancial sup]visory 
ag5cy ( a community b5efits plan2  7ii7 
t ! insur$ depository in/itution consult
 ) community-bas$ organizations & o!r   
community /akehold]s 9 develop+ !       
community b5efits plan2 &  7iii7 a      
public he>+ to be held if any insur$    
depository in/itution involv$ 9 !       
transaction has receiv$ a sub/antial    
noncompliance 9 meet+ community cr$it   
ne$s or ne$s to improve record ( meet+  
community cr$it ne$s rat+ 9 any         
assessm5t area dur+ ! la/ exam9ation (  
su* in/itution conduct$ pursuant to !   
,community ,re9ve/m5t ,act ( #aigg4     
7,b7 ,def9ition ,= purposes ( ?is       
p>agraph1 community b5efits plan means a
 plan t provides measurable goals =     
future am\nts ( safe & s\nd loans1      
inve/m5ts1 s]vices1 & o!r f9ancial      

products = l[- & mod]ate-income         
communities & o!r di/ress$ or und]s]v$  
communities4  4  7b7 ,bank hold+        
companies  7#a7 ,propos$ acquisitions1  
m]g]s1 or consolidations ,section #c7;c7
 ( ! ,bank ,hold+ ,company ,act ( #aief 
7#ab ,u4,s4,c4 #ahdb7;c771 z am5d$ by   
section #c1 is fur!r am5d$ by add+ at ! 
end ! foll[+ new p>agraphs3  7#i7       
,community ,re9ve/m5t ,act p]=mance ,!  
,bo>d %all d5y an application "u ?is    
section if ei!r ! lead insur$ depository
 in/itution ( ! applicant or ! insur$   
depository in/itution t w\ld be ! lead  
insur$ depository in/itution ( ! result+
 company foll[+ consummation ( ! propos$
 transaction has receiv$ a rat+ l[] ?an 
out/&+ record ( meet+ community cr$it   
ne$s on--  7,a7 two out ( ! ?ree mo/    
rec5t writt5 evaluations requir$ "u     
section #hjg ( ! ,community ,re9ve/m5t  
,act ( #aigg 7#ab ,u4,s4,c4 #bijf72 or  
7,b7 if ?ree su* evaluations are n      
available1 ! mo/ rec5t writt5 evaluation
 requir$ "u su* section4  7#aj7         

,community b5efits plan  7,a7 ,9 g5]al  
,9 review+ any application fil$ "u ?is  
p>agraph1 ! ,bo>d %all require-- 7i7    
submission to ! appropriate ,f$]al      
f9ancial sup]visory ag5cy ( a community 
b5efits plan2  7ii7 t ! company consult 
) community-bas$ organizations & o!r    
community /akehold]s 9 develop+ !       
community b5efits plan2 &  7iii7 a      
public he>+ to be held if any bank t    
w\ld be controll$ by ! result+ company  
has receiv$ a sub/antial noncompliance 9
 meet+ community cr$it ne$s or ne$s to  
improve record ( meet+ community cr$it  
ne$s rat+ 9 any assessm5t area dur+ !   
la/ exam9ation ( su* in/itution conduct$
 pursuant to ! ,community ,re9ve/m5t    
,act ( #aigg4  7,b7 ,def9ition ,=       
purposes ( ?is p>agraph1 community      
b5efits plan means a plan t provides    
measurable goals = future am\nts ( safe 
& s\nd loans1 inve/m5ts1 s]vices1 & o!r 
f9ancial products = l[- & mod]ate-income
 communities & o!r di/ress$ or und]s]v$ 
communities4  4  7#b7 ,o!r transactions 

or activities ,section #d7;j77#b7 ( !   
,bank ,hold+ ,company ,act ( #aief 7#ab 
,u4,s4,c4 #ahdc7;j77#b771 z am5d$ by    
section #c1 is fur!r am5d$ by add+ at ! 
end ! foll[+ new subp>agraphs3  7,e7    
,community ,re9ve/m5t ,act p]=mance ,!  
,bo>d %all d5y a notice fil$ pursuant to
 ?is subsection if ! lead insur$        
depository in/itution ( ! applicant or !
 insur$ depository in/itution t w\ld be 
! lead insur$ depository in/itution ( ! 
result+ company foll[+ consummation ( ! 
propos$ transaction or activity has     
receiv$ a rat+ l[] ?an out/&+ record (  
meet+ community cr$it ne$s on--  7i7 two
 out ( ! ?ree mo/ rec5t writt5          
evaluations requir$ "u section #hjg ( ! 
,community ,re9ve/m5t ,act ( #aigg 7#ab 
,u4,s4,c4 #bijf72 or  7ii7 if ?ree su*  
evaluations are n available1 ! mo/ rec5t
 writt5 evaluation requir$ "u su*       
section4  7,f7 ,community b5efits plan  
7i7 ,9 g5]al ,9 review+ any notice fil$ 
"u ?is p>agraph1 ! ,bo>d %all require-- 
7,i7 submission to ! appropriate ,f$]al 

f9ancial sup]visory ag5cy ( a community 
b5efits plan2  7,,ii7 t ! company       
consult ) community-bas$ organizations &
 o!r community /akehold]s 9 develop+ !  
community b5efits plan2 &  7,,iii7 a    
public he>+ to be held if any bank t    
w\ld be controll$ by ! result+ company  
has receiv$ a sub/antial noncompliance 9
 meet+ community cr$it ne$s or ne$s to  
improve record ( meet+ community cr$it  
ne$s rat+ 9 any assessm5t area dur+ !   
la/ exam9ation ( su* in/itution conduct$
 pursuant to ! ,community ,re9ve/m5t    
,act ( #aigg4  7ii7 ,def9ition ,=       
purposes ( ?is p>agraph1 community      
b5efits plan means a plan t provides    
measurable goals = future am\nts ( safe 
& s\nd loans1 inve/m5ts1 s]vices1 & o!r 
f9ancial products = l[- & mod]ate-income
 communities & o!r di/ress$ or und]s]v$ 
communities4  4  7c7 ,community         
,re9ve/m5t ,act am5dm5t ,section #hjd ( 
! ,community ,re9ve/m5t ,act ( #aigg    
7#ab ,u4,s4,c4 #bijc7 is am5d$ by add+  
at ! end ! foll[+ new subsection3  7e7  

,community b5efits plan ,9 assess+ &    
tak+ into acc\nt1 "u subsection 7a71 !  
record ( a f9ancial in/itution1 !       
appropriate ,f$]al f9ancial sup]visory  
ag5cy %all consid] z a factor ! f9ancial
 in/itution's record ( compliance ) any 
community b5efits plan pursuant to      
section #c7;c77#aj7 or #d7;j77#b77;,f7 (
 ! ,bank ,hold+ ,company ,act ( #aief or
 section #ah7;c77#af7 ( ! ,f$]al        
,deposit ,insurance ,act1 z applicable4 
4  7d7 ,fair l5d+ assessm5t ,section    
#hjg7;b77#a7 ( ! ,community ,re9ve/m5t  
,act ( #aigg 7#ab ,u4,s4,c4             
#bijf7;b77#a77 is am5d$-- 7#a7 9        
subp>agraph 7,a7--  7,a7 9 clause 7ii71 
by /rik+ & at ! end2  7,b7 by r$esignat+
 clause 7iii7 z clause 7iv72 &  7,c7 by 
ins]t+ aft] clause 7ii7 ! foll[+ new    
clause3  7iii7 conta9 /ati/ical analyses
 ( ! in/itution's fair l5d+ p]=mance us+
 data report$ "u ! ,home ,mortgage      
,disclosure ,act2 &  2 &  7#b7 9        
subp>agraph 7,b71 by /rik+ clauses 7i7 &
 7ii7 & ins]t+ clauses 7i71 7ii71 &     

7iii74  #e4 ,f9ancial /ability          
consid]ations = m]g] transactions  7a7  
,insur$ depository in/itutions ,section 
#ah7;c7 ( ! ,f$]al ,deposit ,insurance  
,act 7#ab ,u4,s4,c4 #ahbh7;c771 z am5d$ 
by section #d1 is fur!r am5d$--  7#a7 9 
p>agraph 7#e7-- 7,a7 9 subp>agraph 7,a71
 by /rik+ or at ! end2  7,b7 9          
subp>agraph 7,b71 by /rik+ ! p]iod at ! 
end & ins]t+ 1 or2 &  7,c7 by ins]t+    
aft] subp>agraph 7,b7 ! foll[+ new      
subp>agraph3  7,c7 any propos$ m]g]     
transaction = :i* ! result+ insur$      
depository in/itution w\ld receive a    
score great] ?an #be on ! assessm5t     
describ$ 9 p>agraph 7#ag77;,b74  2 &    
7#b7 by add+ at ! end ! foll[+ new      
p>agraph3  7#ag7 ,f9ancial /ability ,9  
consid]+ ! risk to ! /ability ( ! ,unit$
 ,/ates bank+ or f9ancial sy/em "u      
p>agraph 7#e71 ! responsible ag5cy      
%all--  7,a7 take into acc\nt-- 7i7 !   
insur$ depository in/itutions or bank   
hold+ companies t might acquire !       
applicant insur$ depository in/itution  

if ! result+ insur$ depository          
in/itution 7 to fail aft] consummation (
 ! propos$ m]g]2 &  7ii7 :e!r su* an    
acquisition w\ld result 9 great] or m   
conc5trat$ risks to ! /ability ( !      
,unit$ ,/ates bank+ or f9ancial sy/em2 &
  7,b7 use ! assessm5t me?odology       
develop$ by ! ,basel ,committee on      
,bank+ ,sup]vision = assess+ global     
sy/emically important banks4  4  7b7    
,bank hold+ companies  7#a7 ,propos$    
acquisitions1 m]g]s1 or consolidations  
,section #c7;c77#g7 ( ! ,bank ,hold+    
,company ,act ( #aief 7#ab ,u4,s4,c4    
#ahdb7;c77#g771 z am5d$ by section #d1  
is fur!r am5d$--  7,a7 by /rik+ ,9 e    
case1 & ins]t+ ! foll[+3  7,a7 ,9 g5]al 
,9 e case1  2 &  7,b7 by add+ at ! end !
 foll[+ new subp>agraphs3  7,b7         
,consid]ations ,! ,bo>d %all n approve  
an application "u ?is section = :i* !   
result+ company w\ld receive a score    
great] ?an #be on ! assessm5t describ$ 9
 subp>agraph 7,c77ii74  7,c7 ,f9ancial  
/ability ,9 consid]+ ! risk to !        

/ability ( ! ,unit$ ,/ates bank+ or     
f9ancial sy/em1 ! ,bo>d %all--  7i7 take
 into acc\nt-- 7,i7 ! insur$ depository 
in/itutions or bank hold+ companies t   
might acquire ! result+ company if x 7  
to fail aft] consummation ( ! propos$   
transaction2 &  7,,ii7 :e!r su* an      
acquisition w\ld result 9 great] or m   
conc5trat$ risks to ! /ability ( !      
,unit$ ,/ates bank+ or f9ancial sy/em2 &
  7ii7 use ! assessm5t me?odology       
develop$ by ! ,basel ,committee on      
,bank+ ,sup]vision = assess+ global     
sy/emically important banks4  4  7#b7   
,propos$ transactions or activities     
,section #d7;j77#b7 ( ! ,bank ,hold+    
,company ,act ( #aief 7#ab ,u4,s4,c4    
#ahdc7;j77#b771 z am5d$ by section #d1  
is fur!r am5d$ by add+ at ! end ! foll[+
 new subp>agraphs3  7,g7 ,consid]ations 
,! ,bo>d %all d5y a notice fil$ pursuant
 to ?is subsection if ! result+ company 
w\ld receive a score great] ?an #be on !
 assessm5t describ$ 9 subp>agraph       
7,h77ii74  7,h7 ,assessm5t ( f9ancial   

/ability ,9 consid]+ ! risk to !        
/ability ( ! ,unit$ ,/ates bank+ or     
f9ancial sy/em1 ! ,bo>d %all--  7i7 take
 into acc\nt-- 7,i7 ! insur$ depository 
in/itutions or bank hold+ companies t   
might acquire ! applicant bank hold+    
company if ! result+ company 7 to fail  
aft] consummation ( ! propos$ proposal2 
&  7,,ii7 :e!r su* an acquisition w\ld  
result 9 great] or m conc5trat$ risks to
 ! /ability ( ! ,unit$ ,/ates bank+ or  
f9ancial sy/em2 &  7ii7 use ! assessm5t 
me?odology develop$ by ! ,basel         
,committee on ,bank+ ,sup]vision =      
assess+ global sy/emically important    
banks4  4  #f4 ,f9ancial crit]ia = c]ta9
 m]g] transactions  7a7 ,/ress te/s     
7#a7 ,propos$ acquisitions1 m]g]s1 or   
consolidations ,section #c7;c7 ( ! ,bank
 ,hold+ ,company ,act ( #aief 7#ab      
,u4,s4,c4 #ahdb7;c771 z am5d$ by section
 #d1 is fur!r am5d$ by add+ at ! end !  
foll[+ new p>agraphs3  7#aa7 ,/ress te/s
  7,a7 ,9 g5]al ,if a result+ company w 
h total consolidat$ assets great] ?an or

 equal to #ajj1jjj1jjj1jjj1 ! ,bo>d %all
 evaluate ! pro =ma balance %eet ( !    
result+ company to assess :e!r su*      
result+ company w\ld h ! capital1 on a  
total consolidat$ basis1 necess>y to    
absorb losses z a result ( adv]se       
economic conditions4  7,b7              
,consid]ations ,! ,bo>d %all n approve  
an application "u ?is section unless !  
result+ company w\ld rema9 at lea/      
adequately capitaliz$ 9 sev]ely adv]se  
economic conditions "u ! evaluation     
describ$ 9 subp>agraph 7,a74  4  7#b7   
,propos$ transactions or activities     
,section #d7;j77#b7 ( ! ,bank ,hold+    
,company ,act ( #aief 7#ab ,u4,s4,c4    
#ahdc7;j77#b771 z am5d$ by section #e1  
is fur!r am5d$ by add+ at ! end ! foll[+
 new subp>agraph3  7,i7 ,/ress te/s  7i7
 ,9 g5]al ,if a result+ company w h     
total consolidat$ assets great] ?an or  
equal to #ajj1jjj1jjj1jjj1 ! ,bo>d %all 
evaluate ! pro =ma balance %eet ( !     
result+ company to det]m9e :e!r su*     
result+ company w\ld h ! capital1 on a  

total consolidat$ basis1 necess>y to    
absorb losses z a result ( adv]se       
economic conditions4  7ii7              
,consid]ations ,! ,bo>d %all d5y a      
notice submitt$ pursuant to ?is         
subsection if ! result+ company w\ld n  
rema9 at lea/ adequately capitaliz$ 9   
sev]ely adv]se economic conditions "u ! 
evaluation describ$ 9 clause 7i74  4    
7b7 ,well capitaliz$ ?re%olds  7#a7     
,def9ition ( well capitaliz$ = int]/ate 
bank m]g]s ,section #dd7;g7 ( ! ,f$]al  
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahcau7g77 is am5d$ by add+ at ! end !  
foll[+ new p>agraph3  7#ab7 ,well       
capitaliz$ ,! t]m well capitaliz$ means1
 ) respect to an insur$ depository      
in/itution ) total consolidat$ assets ( 
#aj1jjj1jjj1jjj or m1 t su* in/itution  
exce$s ! requir$ m9imum level = ea*     
relevant capital measure to be consid]$ 
adequately capitaliz$ 7z det]m9$ "u     
section #ch7 by at lea/ #ej p]c5t ( su* 
m9imum4  4  7#b7 ,bank hold+ companies  
,section #b7o77,b77ii7 ( ! ,bank ,hold+ 

,company ,act ( #aief 7#ab ,u4,s4,c4    
#ahda7o77,b77ii77 is am5d$ to read z    
foll[s3  7ii7 ,well capitaliz$ ,a bank  
hold+ company is well capitaliz$ if--   
7,i7 ) respect to a company t has total 
consolidat$ assets ( #aj1jjj1jjj1jjj or 
m1 x exce$s ! requir$ m9imum level = ea*
 relevant capital measure 7z det]m9$ by 
! ,bo>d7 by at lea/ #ej p]c5t ( su*     
m9imum2 &  7,,ii7 ) respect to a company
 t has total consolidat$ assets ( less  
?an #aj1jjj1jjj1jjj1 x meets ! requir$  
capital levels = well capitaliz$ bank   
hold+ companies e/abli%$ by ! ,bo>d4  4 
#g4 ,manag]ial crit]ia = c]ta9 m]g]     
transactions  7a7 ,insur$ depository    
in/itutions ,section #ah7;c7 ( ! ,f$]al 
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahbh7;c771 z am5d$ by section #e1 is   
fur!r am5d$ by add+ at ! end ! foll[+3  
7#ah7 7,a7 ,9 ?is p>agraph1 ! t]m cov]$ 
transaction means a m]g] transaction 9  
:i* ! result+ company w\ld h m ?an      
#ajj1jjj1jjj1jjj 9 total assets4  7,b7  
,an application = approval ( a cov]$    

transaction %all include ! "n ( ea*     
individual :o w s]ve on ! bo>d (        
directors or s]ve z a s5ior executive   
(fic] ( ! result+ company4  7,c7 ,!     
responsible ag5cy %all make a writt5    
evaluation ( ! compet5ce1 exp]i5ce1 "*1 
& integrity ( ea* individual describ$ 9 
subp>agraph 7,b74  7,d7 ,! responsible  
ag5cy %all n approve a cov]$ transaction
 if ! responsible ag5cy det]m9es t !    
compet5ce1 exp]i5ce1 "*1 or integrity ( 
any individual describ$ 9 subp>agraph   
7,b7 indicates t x w\ld n be 9 ! be/    
int]e/s ( ! depositors ( ! depository   
in/itution or 9 ! be/ int]e/s ( ! public
 to p]mit ! individual to be employ$ by1
 or associat$ )1 ! result+ company4     
7,e7 ,! responsible ag5cy %all make any 
writt5 evaluation describ$ 9 subp>agraph
 7,c7 publicly available aft] ! date on 
:i* ! responsible ag5cy approves or     
d5ies a cov]$ transaction4  4  7b7 ,bank
 hold+ companies  7#a7 ,acquisition (   
bank %>es or assets ,section #c7;c7 ( ! 
,bank ,hold+ ,company ,act ( #aief 7#ab 

,u4,s4,c4 #ahdb7;c771 z am5d$ by section
 #f1 is fur!r am5d$ by add+ at ! end !  
foll[+3  7#ab7 ,cov]$ transactions  7,a7
 ,def9ition ,9 ?is p>agraph1 ! t]m cov]$
 transaction means an acquisition1 m]g]1
 or consolidation "u ?is section 9 :i* !
 result+ company w\ld h m ?an           
#ajj1jjj1jjj1jjj 9 total assets4  7,b7  
,li/+ ( memb]s ( ! bo>d ( directors &   
s5ior executive (fic]s  7i7 ,9 g5]al ,an
 application = approval ( a cov]$       
transaction %all include ! "n ( ea*     
individual :o w s]ve on ! bo>d (        
directors or s]ve z a s5ior executive   
(fic] ( ! result+ company4  7ii7 ,writt5
 evaluation ,! ,bo>d %all make a writt5 
evaluation ( ! compet5ce1 exp]i5ce1 "*1 
& integrity ( ea* individual describ$ 9 
clause 7i74  7iii7 ,be/ int]e/s ,! ,bo>d
 %all n approve a cov]$ transaction if !
 ,bo>d det]m9es t ! compet5ce1 exp]i5ce1
 "*1 or integrity ( any individual      
describ$ 9 clause 7i7 indicates t x w\ld
 n be 9 ! be/ int]e/s ( ! %>ehold]s ( ! 
bank hold+ company or 9 ! be/ int]e/s ( 

! public to p]mit ! individual to be    
employ$ by1 or associat$ )1 ! result+   
company4  7iv7 ,publicly available ,!   
,bo>d %all make any writt5 evaluation   
describ$ 9 clause 7ii7 publicly         
available aft] ! date on :i* ! ,bo>d    
approves or d5ies a cov]$ transaction4  
4  7#b7 ,int]e/s 9 nonbank+             
organizations ,section #d7;j77#b7 ( !   
,bank ,hold+ ,company ,act ( #aief 7#ab 
,u4,s4,c4 #ahdc7;j77#b771 z am5d$ by    
section #f7;a77#b7 ( ?is ,act1 is am5d$ 
by add+ at ! end ! foll[+3  7,j7 ,cov]$ 
transactions  7i7 ,def9ition ,9 ?is     
p>agraph1 ! t]m cov]$ transaction means 
a transaction "u ?is subsection 9 :i* ! 
result+ company w\ld h m ?an            
#ajj1jjj1jjj1jjj 9 total assets4  7ii7  
,li/+ ( memb]s ( ! bo>d ( directors &   
s5ior executive (fic]s  7,i7 ,9 g5]al   
,notice = approval ( a cov]$ transaction
 %all include ! "n ( ea* individual :o w
 s]ve on ! bo>d ( directors or s]ve z a 
s5ior executive (fic] ( ! result+       
company4  7,,ii7 ,writt5 evaluation ,!  

,bo>d %all make a writt5 evaluation ( ! 
compet5ce1 exp]i5ce1 "*1 & integrity (  
ea* individual describ$ 9 clause 7i74   
7,,iii7 ,be/ int]e/s ,! ,bo>d %all d5y a
 propos$ cov]$ transaction if ! ,bo>d   
det]m9es t ! compet5ce1 exp]i5ce1 "*1 or
 integrity ( any individual describ$ 9  
clause 7i7 indicates t x w\ld n be 9 !  
be/ int]e/s ( ! %>ehold]s ( ! bank hold+
 company or 9 ! be/ int]e/s ( ! public  
to p]mit ! individual to be employ$ by1 
or associat$ )1 ! result+ company4      
7,,iv7 ,publicly available ,! ,bo>d %all
 make any writt5 evaluation describ$ 9  
clause 7ii7 publicly available aft] !   
date on :i* ! ,bo>d approves or d5ies a 
cov]$ transaction4  4  #h4 ,competitive 
effects  7a7 ,insur$ depository         
in/itutions ,section #ah7;c7 ( ! ,f$]al 
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahbh7;c771 z am5d$ by section #g1 is   
fur!r am5d$ by add+ at ! end ! foll[+   
new p>agraph3  7#ai7 ,competitive       
effects  7,a7 ,product m>kets ,9 e case1
 ! responsible ag5cy %all consid] !     

competitive effects ( ! propos$         
transaction on ! m>ket =--  7i7         
comm]cial deposits2  7ii7 loans to small
 bus9esses1 us+ data report$ "u !       
,community ,re9ve/m5t ,act ( #aigg =    
loans to small bus9esses ) less ?an     
#a1jjj1jjj 9 gross annual rev5ue1 & any 
o!r data ! responsible ag5cy deems      
appropriate to collect = ?is purpose2   
7iii7 home mortgage loans1 us+ data     
report$ "u ! ,home ,mortgage ,disclosure
 ,act ( #aige = fir/-li5 mortgage loans 
= s+le family homes1 & any o!r data !   
responsible ag5cy deems appropriate to  
collect = ?is purpose2 &  7iv7 any o!r  
f9ancial product t comprises a          
sub/antial portion ( ! activities ( ea* 
bank or sav+s association involv$ 9 !   
propos$ m]g] transaction1 z det]m9$ by !
 responsible ag5cy4  7,b7 ,geographic   
m>kets ,! responsible ag5cy %all consid]
 ! competitive effects ( ! propos$      
transaction on ! product m>kets id5tifi$
 9 subp>agraph 7,a7 ) respect to ea* ( !
 foll[+ geographic m>kets z def9$ by !  

,unit$ ,/ates ,c5sus ,bureau3  7i7 ,ea* 
,/ate 9 :i* ! result+ company w\ld      
op]ate4  7ii7 ,ea* core-bas$ /ati/ical  
area 9 :i* ! result+ company w\ld       
op]ate4  7iii7 ,ea* c\nty 9 :i* !       
result+ company w\ld op]ate4  7iv7 ,any 
o!r geographic area ! responsible ag5cy 
deems appropriate4  4  7b7 ,bank hold+  
companies  7#a7 ,propos$ acquisitions1  
m]g]s1 or consolidations ,section #c7;c7
 ( ! ,bank ,hold+ ,company ,act ( #aief 
7#ab ,u4,s4,c4 #ahdb7;c771 z am5d$ by   
section #g1 is fur!r am5d$ by add+ at ! 
end ! foll[+ new p>agraph3  7#ac7       
,competitive effects  7,a7 ,product     
m>kets ,9 e case1 ! ,bo>d %all consid] !
 competitive effects ( ! propos$        
transaction on ! m>ket =--  7i7         
comm]cial deposits2  7ii7 loans to small
 bus9esses1 us+ data report$ "u !       
,community ,re9ve/m5t ,act ( #aigg =    
loans to small bus9esses ) less ?an     
#a1jjj1jjj 9 gross annual rev5ue1 & any 
o!r data ! ,bo>d deems appropriate to   
collect = ?is purpose2  7iii7 home      

mortgage loans1 us+ data report$ "u !   
,home ,mortgage ,disclosure ,act ( #aige
 = fir/-li5 mortgage loans = s+le family
 homes1 & any o!r data ! ,bo>d deems    
appropriate to collect = ?is purpose2 & 
7iv7 any o!r f9ancial product t         
comprises a sub/antial portion ( !      
activities ( ea* company involv$ 9 !    
propos$ m]g] transaction1 z det]m9$ by !
 ,bo>d4  7,b7 ,geographic m>kets ,!     
,bo>d %all consid] ! competitive effects
 ( ! propos$ transaction on ! product   
m>kets id5tifi$ 9 subp>agraph 7,a7 )    
respect to ea* ( ! foll[+ geographic    
m>kets3  7i7 ,ea* ,/ate 9 :i* ! result+ 
company w\ld op]ate4  7ii7 ,ea*         
core-bas$ /ati/ical area 9 :i* ! result+
 company w\ld op]ate4  7iii7 ,ea* c\nty 
9 :i* ! result+ company w\ld op]ate4    
7iv7 ,any o!r geographic area ! ,bo>d   
deems appropriate4  4  7#b7 ,propos$    
transactions or activities ,section     
#d7;j77#b7 ( ! ,bank ,hold+ ,company    
,act ( #aief 7#ab ,u4,s4,c4             
#ahdc7;j77#b77 z am5d$ by section #g1 is

 fur!r am5d$ by add+ at ! end ! foll[+  
new p>agraph3  7,k7 ,competitive effects
  7i7 ,product m>kets ,9 e case1 ! ,bo>d
 %all consid] ! competitive effects ( ! 
propos$ transaction on ! m>ket =--  7,i7
 comm]cial deposits2  7,,ii7 loans to   
small bus9esses1 us+ data report$ "u !  
,community ,re9ve/m5t ,act ( #aigg =    
loans to small bus9esses ) less ?an     
#a1jjj1jjj 9 gross annual rev5ue1 & any 
o!r data ! ,bo>d deems appropriate to   
collect = ?is purpose2  7,,iii7 home    
mortgage loans1 us+ data report$ "u !   
,home ,mortgage ,disclosure ,act ( #aige
 = fir/-li5 mortgage loans = s+le family
 homes1 & any o!r data ! ,bo>d deems    
appropriate to collect = ?is purpose2 & 
7,,iv7 any o!r f9ancial product t       
comprises a sub/antial portion ( !      
activities ( ea* company involv$ 9 !    
propos$ m]g] transaction1 z det]m9$ by !
 ,bo>d4  7ii7 ,geographic m>kets ,!     
,bo>d %all consid] ! competitive effects
 ( ! propos$ transaction on ! product   
m>kets id5tifi$ 9 clause 7i7 ) respect  

to ea* ( ! foll[+ geographic m>kets3    
7,i7 ,ea* ,/ate 9 :i* ! result+ company 
w\ld op]ate4  7,,ii7 ,ea* core-bas$     
/ati/ical area 9 :i* ! result+ company  
w\ld op]ate4  7,,iii7 ,ea* c\nty 9 :i* !
 result+ company w\ld op]ate4  7,,iv7   
,any o!r geographic area ! ,bo>d deems  
appropriate4  4  #i4 ,transp>5cy 9 m]g] 
review  7a7 ,insur$ depository          
in/itutions ,section #ah7;c7 ( ! ,f$]al 
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahbh7;c771 z am5d$ by section #h1 is   
fur!r am5d$ by add+ at ! end ! foll[+   
new p>agraph3  7#bj7 ,transp>5cy  7,a7  
,9 g5]al ,9 any application "u ?is      
section-- 7i7 an insur$ depository      
in/itution %all--  7,i7 disclose :e!r   
any p]sons employ$ by1 repres5t+1 or    
act+ on behalf ( ! depository in/itution
 h _h v]bal or writt5 communications ) !
 responsible ag5cy1 a ,f$]al res]ve     
bank1 or any o!r ,f$]al regulatory ag5cy
 reg>d+ ! propos$ m]g] transaction2 &   
7,,ii7 id5tify ! dates & ! names (      
individuals involv$ 91 & ! cont5t (1 all

 communications describ$ 9 subclause    
7,i72 &  7ii7 ! *ief executive (fic] &  
*ief legal (fic] ( an insur$ depository 
in/itution %all c]tify t no p]sons      
employ$ by1 repres5t+1 or act+ on behalf
 ( ! depository in/itution ask$ = or    
receiv$ assurances f ! responsible      
ag5cy1 a ,f$]al res]ve bank1 or any o!r 
,f$]al regulatory ag5cy t ! propos$ m]g]
 transaction w\ld be approv$ ( t !re    
w\ld be no b>ri]s to su* approval4  7,b7
 ,updates ,an insur$ depository         
in/itution %all update ! disclosure &   
c]tification describ$ 9 subp>agraph 7,a7
 z ne$$ )9 #b bus9ess days ( any        
communication t occurs be=e !           
responsible ag5cy makes a f9al decision 
on a propos$ m]g] transaction4  7,c7    
,publication ,! responsible ag5cy %all  
publi% on ! website ( su* ag5cy !       
disclosure1 c]tification1 & any updates 
requir$ "u ?is p>agraph )9 #a bus9ess   
day ( receipt4  4  7b7 ,bank hold+      
companies  7#a7 ,propos$ acquisitions1  
m]g]s1 or consolidations ,section #c7;c7

 ( ! ,bank ,hold+ ,company ,act ( #aief 
7#ab ,u4,s4,c4 #ahdb7;c771 z am5d$ by   
section #h1 is fur!r am5d$ by add+ at ! 
end ! foll[+ new p>agraph3  7#ad7       
,transp>5cy  7,a7 ,9 g5]al ,9 any       
application "u ?is section-- 7i7 a bank 
hold+ company %all--  7,i7 disclose :e!r
 any p]sons employ$ by1 repres5t+1 or   
act+ on behalf ( ! bank hold+ company h 
_h v]bal or writt5 communications ) !   
,bo>d1 a ,f$]al res]ve bank1 or any o!r 
,f$]al regulatory ag5cy reg>d+ !        
proposal2 &  7,,ii7 id5tify ! dates & ! 
names ( individuals involv$ 91 & !      
cont5t (1 all communications describ$ 9 
subclause 7,i72 &  7ii7 ! *ief executive
 (fic] & *ief legal (fic] ( a bank hold+
 company %all c]tify t no p]sons employ$
 by1 repres5t+1 or act+ on behalf ( !   
bank hold+ company ask$ = or receiv$    
assurances f ! ,bo>d1 a ,f$]al res]ve   
bank1 or any o!r ,f$]al regulatory ag5cy
 t ! proposal w\ld be approv$ ( t !re   
w\ld be no b>ri]s to su* approval4  7,b7
 ,updates ,a bank hold+ company %all    

update ! disclosure & c]tification      
describ$ 9 subp>agraph 7,a7 z ne$$ )9 #b
 bus9ess days ( any communication t     
occurs be=e ! ,bo>d makes a f9al        
decision on a proposal4  7,c7           
,publication ,! ,bo>d %all publi% on !  
website ( ! ,bo>d ! disclosure1         
c]tification1 & any updates requir$ "u  
?is p>agraph )9 #a bus9ess day (        
receipt4  4  7#b7 ,propos$ transactions 
or activities ,section #d7;j7 ( ! ,bank 
,hold+ ,company ,act ( #aief 7#ab       
,u4,s4,c4 #ahdc7;j77 z am5d$ by section 
#h1 is fur!r am5d$ by add+ at ! end !   
foll[+ new p>agraph3  7#h7 ,transp>5cy  
7,a7 ,9 g5]al ,9 any notice "u ?is      
section-- 7i7 a bank hold+ company      
%all--  7,i7 disclose :e!r any p]sons   
employ$ by1 repres5t+1 or act+ on behalf
 ( ! bank hold+ company h _h v]bal or   
writt5 communications ) ! ,bo>d1 a      
,f$]al res]ve bank1 or any o!r ,f$]al   
regulatory ag5cy reg>d+ ! proposal2 &   
7,,ii7 id5tify ! dates & ! names (      
individuals involv$ 91 & ! cont5t (1 all

 communications describ$ 9 subclause    
7,i72 &  7ii7 ! *ief executive (fic] &  
*ief legal (fic] ( a bank hold+ company 
%all c]tify t no p]sons employ$ by1     
repres5t+1 or act+ on behalf ( ! bank   
hold+ company ask$ = or receiv$         
assurances f ! ,bo>d1 a ,f$]al res]ve   
bank1 or any o!r ,f$]al regulatory ag5cy
 t ! proposal w\ld be approv$ ( t !re   
w\ld be no b>ri]s to su* approval4  7,b7
 ,updates ,a bank hold+ company %all    
update ! disclosure & c]tification      
describ$ 9 subp>agraph 7,a7 z ne$$ )9 #b
 bus9ess days ( any communication t     
occurs be=e ! ,bo>d makes a f9al        
decision on a proposal4  7,c7           
,publication ,! ,bo>d %all publi% on !  
website ( ! ,bo>d ! disclosure1         
c]tification1 & any updates requir$ "u  
?is p>agraph )9 #a bus9ess day (        
receipt4  4  #aj4 ,f9ancial /ability    
exception  7a7 ,insur$ depository       
in/itutions ,section #ah7;c7 ( ! ,f$]al 
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahbh7;c771 z am5d$ by section #i1 is   

fur!r am5d$ by add+ at ! end ! foll[+   
new p>agraph3  7#ba7 ,,fsoc det]m9ation 
,n)/&+ p>agraphs 7#e77;c71 7#ad71 7#ae71
 7#af71 7#ag71 & 7#ah7 ( ?is subsection1
 if ! ,f9ancial ,/ability ,ov]sight     
,c\ncil det]m9es by a #bc vote t a      
propos$ m]g] transaction "u ?is         
subsection is necess>y to pres]ve !     
/ability ( ! ,unit$ ,/ates bank+ or     
f9ancial sy/em1 ! responsible ag5cy may 
approve su* transaction4  4  7b7 ,bank  
hold+ companies  7#a7 ,propos$          
acquisitions1 m]g]s1 or consolidations  
,section #c7;c7 ( ! ,bank ,hold+        
,company ,act ( #aief 7#ab ,u4,s4,c4    
#ahdb7;c771 z am5d$ by section #i1 is   
fur!r am5d$ by add+ at ! end ! foll[+   
new p>agraph3  7#ae7 ,,fsoc det]m9ation 
,n)/&+ p>agraphs 7#g77;,b71 7#h71 7#i71 
7#aj71 7#aa71 & 7#ab7 ( ?is subsection1 
if ! ,f9ancial ,/ability ,ov]sight      
,c\ncil det]m9es by a #bc vote t a      
propos$ acquisition1 m]g]1 or           
consolidation "u ?is subsection is      
necess>y to pres]ve ! /ability ( !      

,unit$ ,/ates bank+ or f9ancial sy/em1 !
 ,bo>d may approve su* acquisition1     
m]g]1 or consolidation4  4  7#b7        
,propos$ transactions or activities     
,section #d7;j77#b7 ( ! ,bank ,hold+    
,company ,act ( #aief 7#ab ,u4,s4,c4    
#ahdc7;j77#b771 z am5d$ by section #h1  
is am5d$ by add+ at ! end ! foll[+ new  
p>agraph3  7,l7 ,,fsoc det]m9ation      
,not)/&+ p>agraphs 7#b77;,d71 7#b77;,e71
 7#b77;,f71 7#b77;,g71 7#b77;,i71 &     
7#b77;,j7 ( ?is subsection1 if !        
,f9ancial ,/ability ,ov]sight ,c\ncil   
det]m9es by a #bc vote t a propos$      
transaction or activity "u ?is          
subsection is necess>y to pres]ve !     
/ability ( ! ,unit$ ,/ates bank+ or     
f9ancial sy/em1 ! ,bo>d may approve su* 
transaction or activity4  4  #aa4       
,citiz5 /&+  7a7 ,insur$ depository     
in/itutions ,section #ah7;c7 ( ! ,f$]al 
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahbh7;c771 z am5d$ by section #aj1 is  
fur!r am5d$ by add+ at ! end ! foll[+   
new p>agraph3  7#bb7 ,citiz5 /&+  7,a7  

,9 g5]al ,n lat] ?an #aj days aft] !    
approval ( a m]g] transaction by !      
responsible ag5cy "u ?is subsection or !
 d5ial ( a reque/ = reconsid]ation ( an 
application = a m]g] transaction1 an    
individual may file a civil action 9 !  
appropriate ,unit$ ,/ates di/rict c\rt  
to review su* approval1 reg>dless ( :e!r
 ! individual submitt$ a comm5t or      
o!rwise p>ticipat$ 9 ! application      
process = approval ( ! m]g] transaction4
  7,b7 ,consid]ation ,9 any su* action1 
! c\rt %all review de novo ! issues     
pres5t$1 consid] ! matt] on an exp$it$  
basis1 & issue a decision )9 #cj days4  
7,c7 ,co/s ,an individual :o files a    
civil action "u ?is p>agraph may n be   
requir$ to pay ! co/s ( ! responsible   
ag5cy or any p>ty to ! m]g] transaction 
t is ! subject ( ! civil action4  7,d7  
,effect on m]g] transaction ,! propos$  
m]g] transaction t is ! subject ( a     
civil action "u ?is p>agraph may n be   
consummat$ until ! c\rt issues a f9al   
decision 9 su* action4  4  7b7 ,bank    

hold+ companies  7#a7 ,propos$          
acquisitions1 m]g]s1 or consolidations  
,section #c7;c7 ( ! ,bank ,hold+        
,company ,act ( #aief 7#ab ,u4,s4,c4    
#ahdb7;c771 z am5d$ by section #aj1 is  
fur!r am5d$ by add+ at ! end ! foll[+   
new p>agraph3  7#af7 ,citiz5 /&+  7,a7  
,9 g5]al ,n lat] ?an #aj days aft] !    
approval ( an application "u ?is section
 by ! ,bo>d1 or ! d5ial ( a reque/ =    
reconsid]ation ( su* an application by !
 ,bo>d1 an individual may file a civil  
action 9 ! appropriate ,unit$ ,/ates    
di/rict c\rt to review su* approval1    
reg>dless ( :e!r ! individual submitt$ a
 comm5t or o!rwise p>ticipat$ 9 !       
application process4  7,b7 ,consid]ation
 ,9 any su* action1 ! c\rt %all review  
de novo ! issues pres5t$1 consid] !     
matt] on an exp$it$ basis1 & issue a    
decision )9 #cj days4  7,c7 ,co/s ,an   
individual :o files a civil action "u   
?is p>agraph may n be requir$ to pay !  
co/s ( ! ,bo>d or any p>ty to !         
application t is ! subject ( ! civil    

action4  7,d7 ,effect on application ,! 
propos$ acquisition1 m]g]1 or           
consolidation t is ! subject ( a civil  
action "u ?is p>agraph may n be         
consummat$ until ! c\rt issues a f9al   
decision 9 su* action4  4  7#b7 ,o!r    
transactions or activities ,section     
#d7;j77#b7 ( ! ,bank ,hold+ ,company    
,act ( #aief 7#ab ,u4,s4,c4             
#ahdc7;j77#b771 z am5d$ by section #aj1 
is fur!r am5d$ by add+ at ! end ! foll[+
 new subp>agraph3  7,m7 ,citiz5 /&+  7i7
 ,9 g5]al ,n lat] ?an #aj days aft] !   
approval ( a notice "u ?is subsection by
 ! ,bo>d1 or ! d5ial ( a reque/ =       
reconsid]ation ( su* notice by ! ,bo>d1 
an individual may file a civil action 9 
! appropriate ,unit$ ,/ates di/rict c\rt
 to review su* approval1 reg>dless (    
:e!r ! individual submitt$ a comm5t or  
o!rwise p>ticipat$ 9 ! notice process4  
7ii7 ,consid]ation ,9 any su* action1 ! 
c\rt %all review de novo ! issues       
pres5t$1 consid] ! matt] on an exp$it$  
basis1 & issue a decision )9 #cj days4  

7iii7 ,co/s ,an individual :o files a   
civil action "u ?is subp>agraph may n be
 requir$ to pay ! co/s ( ! ,bo>d or any 
p>ty to ! notice t is ! subject ( !     
civil action4  7iv7 ,effect on notice ,!
 propos$ transaction or activity t is ! 
subject ( a civil action "u ?is         
subp>agraph may n be comm5c$ or         
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