,,ib ,union ,calendar ,no4 #cag #aaith ,,congress #ast ,session ,h4 ,r4 #ebfb ,report ,no4 #aai-cfe ,,in ,,the ,,house ,,of ,,representatives ,september #aj1 #bjbe,mr4 ,fitzgerald introduced the following bill2 which was referred to the ,committee on ,financial ,services ,november #d1 #bjbe,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed,strike out all after the enacting clause and insert the part printed in italic,for text of introduced bill1 see copy of bill as introduced on ,september #aj1 #bjbe ,a ,,bill ,to amend the ,federal ,deposit ,insurance ,act1 the ,bank ,holding ,company ,act of #aief1 and the ,home ,owners' ,loan ,act to require the consideration of certain entities and factors when evaluating proposed acquisitions1 mergers1 consolidations1 assumptions of liabilities1 or transfers of assets1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,bank ,competition ,modernization ,act4 #b4 ,competitive factor considerations 7a7 ,in general ,section #ah7;c7 of the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahbh7;c77 is amended-- 7#a7 in paragraph 7#d77;,c7-- 7,a7 in clause 7i71 by striking or at the end2 7,b7 in clause 7ii71 by striking the period at the end and inserting 2 or2 and 7,c7 by adding at the end the following3 7iii7 the proposed merger transaction would result in an entity with less than #aj1jjj1jjj1jjj in assets4 2 and 7#b7 by adding at the end the following3 7#ad7 ,for merger transactions resulting in institutions with less than #aj1jjj1jjj1jjj in assets 7,a7 ,in general ,notwithstanding paragraph 7#e71 if a proposed merger transaction would result in an institution with less than #aj1jjj1jjj1jjj in assets1 then the responsible agency shall not consider whether such merger transaction would-- 7i7 result in a monopoly1 or would be in furtherance of any combination or conspiracy to monopolize or to attempt to monopolize the business of banking in any part of the ,united ,states2 and 7ii7 have the effect in any section of the country of substantially lessening competition1 tending to create a monopoly1 or in any other manner restraining trade4 7,b7 ,threshold adjustment 7i7 ,in general ,at the end of each year for which the nominal gross domestic product of the ,united ,states increases 7a covered year71 the ,corporation shall adjust the dollar figures described in subparagraph 7,a7 and paragraph 7#d77;,c77iii7 by a percentage equal to the percentage increase 7if any7 between-- 7,i7 the nominal gross domestic product of the ,united ,states for the year1 during the preceding #e years1 with respect to which the nominal gross domestic product of the ,united ,states was the highest2 and 7,,ii7 the nominal gross domestic product of the ,united ,states for the covered year4 7ii7 ,determination of ,,gdp ,in this paragraph1 the ,corporation shall use nominal gross domestic product statistics determined by the ,bureau of ,economic ,analysis4 4 7b7 ,for bank holding companies ,section #c7;c7 of the ,bank ,holding ,company ,act of #aief 7#ab ,u4,s4,c4 #ahdb7;c77 is amended by adding at the end the following3 7#h7 ,for proposed transactions resulting in companies with less than #aj1jjj1jjj1jjj in assets 7,a7 ,in general ,notwithstanding paragraph 7#a71 if a proposed acquisition1 merger1 or consolidation under this section would result in a company with less than #aj1jjj1jjj1jjj in assets1 then the ,board shall not consider whether such acquisition1 merger1 or consolidation would-- 7i7 result in a monopoly1 or would be in furtherance of any combination or conspiracy to monopolize or to attempt to monopolize the business of banking in any part of the ,united ,states2 and 7ii7 have the effect in any section of the country of substantially lessening competition1 tending to create a monopoly1 or in any other manner restraining trade4 7,b7 ,threshold adjustment 7i7 ,in general ,at the end of each year for which the nominal gross domestic product of the ,united ,states increases 7a covered year71 the ,board shall adjust the dollar figure described in subparagraph 7,a7 by a percentage equal to the percentage increase 7if any7 between-- 7,i7 the nominal gross domestic product of the ,united ,states for the year1 during the preceding #e years1 with respect to which the nominal gross domestic product of the ,united ,states was the highest2 and 7,,ii7 the nominal gross domestic product of the ,united ,states for the covered year4 7ii7 ,determination of ,,gdp ,in this paragraph1 the ,board shall use nominal gross domestic product statistics determined by the ,bureau of ,economic ,analysis4 4 7c7 ,for savings and loan holding companies ,section #aj7;e7 of the ,home ,owners' ,loan ,act 7#ab ,u4,s4,c4 #adfg;a7e77 is amended by adding at the end the following3 7#h7 ,for proposed transactions resulting in companies with less than #aj1jjj1jjj1jjj in assets 7,a7 ,in general ,notwithstanding subparagraphs 7,a7 and 7,b7 of paragraph 7#b71 if a proposed transaction under this section would result in a company with less than #aj1jjj1jjj1jjj in assets1 then the ,board shall not consider whether the transaction would-- 7i7 result in a monopoly1 or would be in furtherance of any combination or conspiracy to monopolize or to attempt to monopolize the savings and loan business in any part of the ,united ,states2 and 7ii7 have the effect in any section of the country of substantially lessening competition1 tending to create a monopoly1 or in any other manner restraining trade4 7,b7 ,threshold adjustment 7i7 ,in general ,at the end of each year for which the nominal gross domestic product of the ,united ,states increases 7a covered year71 the ,board shall adjust the dollar figure described in subparagraph 7,a7 by a percentage equal to the percentage increase 7if any7 between-- 7,i7 the nominal gross domestic product of the ,united ,states for the year1 during the preceding #e years1 with respect to which the nominal gross domestic product of the ,united ,states was the highest2 and 7,,ii7 the nominal gross domestic product of the ,united ,states for the covered year4 7ii7 ,determination of ,,gdp ,in this paragraph1 the ,board shall use nominal gross domestic product statistics determined by the ,bureau of ,economic ,analysis4 4 ,november #d1 #bjbe,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed