,i  #aahth ,,congress  #ast ,session    
,h4 ,r4 #ciad  ,,in ,,the ,,house ,,of  
,,representatives  ,june #g1 #bjbc,mr4  
,lynch introduced the following bill2   
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
prohibit the use of certain             
concentration limit exceptions          
applicable to mergers involving a failed
 bank if there are other qualifying     
bids1 and for other purposes4  #a4      
,short title ,this ,act may be cited as 
the ,failing ,bank ,acquisition         
,fairness ,act4  #b4 ,concentration     
limit exceptions only available when no 
other qualifying bids  7a7 ,nationwide  
concentration limit with respect to     
deposits ,section #dd7;e7 of the        
,federal ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahcau7e77 is amended by      
adding at the end the following3        
,notwithstanding the previous sentence1 
if the responsible agency receives more 
than one application under subsection   
7a77#a7 for approval of a merger        

transaction involving the acquisition of
 the same bank in default or in danger  
of default or with respect to which the 
,corporation provides assistance under  
section #ac7;c71 the responsible agency 
may only approve such an application    
without regard to subsection            
7b77#b77;,a7 if none of the other       
applications can be approved in         
compliance with subsection              
7b77#b77;,a744  7b7 ,concentration limit
 with respect to consolidated           
liabilities ,section #ad7;c7 of the     
,bank ,holding ,company ,act of #aief   
7#ab ,u4,s4,c4 #aheb7;c77 is amended--  
7#a7 by redesignating paragraphs 7#a71  
7#b71 and 7#c7 as subparagraphs 7,a71   
7,b71 and 7,c7 7and adjusting the       
margins accordingly72  7#b7 by striking 
,with the and inserting the following3  
7#a7 ,in general ,with the  2 and  7#c7 
by adding at the end the following3     
7#b7 ,limitation ,if the ,board receives
 more than one application for an       
acquisition of a bank in default or in  

danger of default or with respect to    
which the ,federal ,deposit ,insurance  
,corporation provides assistance under  
section #ac7;c7 of the ,federal ,deposit
 ,insurance ,act1 the ,board may only   
give consent under paragraph 7#a7 to    
waive the concentration limit if none of
 the other applications can be approved 
without such consent4  4