,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #fedf  ,,in ,,the ,,house ,,of  
,,representatives  ,december #i1        
#bjbe,mr4 ,williams of ,texas introduced
 the following bill2 which was referred 
to the ,committee on ,financial         
,services  ,a ,,bill  ,to require the   
,inspector ,general of each ,federal    
prudential regulator to carry out a     
review every #c years of the regulator's
 handling of insured depository         
institution merger applications1 and for
 other purposes4  #a4 ,short title ,this
 ,act may be cited as the ,merger       
,process ,review ,act4  #b4 ,inspector  
general review of the handling of       
insured depository institution merger   
applications  7a7 ,review ,not later    
than #a year after the date of enactment
 of this ,act1 and every #c years       
thereafter1 the ,inspector ,general of  
each ,federal depository institution    
regulatory agency shall review the      
,federal depository institution         
regulatory agency's record of timeliness

 and efficiency in reviewing and acting 
upon insured depository institution     
merger applications4 ,the review shall--
 7#a7 include an evaluation of relevant 
quantifiable metrics1 including mean and
 median application processing times2   
7#b7 identify sources of delay that may 
hinder the timely consummation of       
proposals that meet the relevant        
statutory factors2 and  7#c7 include    
specific recommendations to improve the 
timeliness and efficiency of application
 processing1 consistent with the        
,federal depository institution         
regulatory agency's statutory           
responsibilities4  7b7 ,report ,each    
,inspector ,general described under     
subsection 7a7 shall1 at the conclusion 
of each review required under subsection
 7a71 issue a report to ,congress       
containing all findings and             
determinations made in carrying out the 
review4  7c7 ,agency response ,in       
response to each report issued to       
,congress under subsection 7a71 the     

appropriate ,federal depository         
institution regulatory agency shall     
submit to ,congress a written response1 
including a plan to implement the       
recommendations in the report1 to the   
extent such implementation is           
appropriate4  7d7 ,definitions ,in this 
section3 7#a7 ,application ,the term    
application means an application1       
notice1 or other similar request for    
permission submitted to a ,federal      
depository institution regulatory       
agency4  7#b7 ,federal depository       
institution regulatory agency ,the term 
,federal depository institution         
regulatory agency means the ,board of   
,governors of the ,federal ,reserve     
,system1 the ,comptroller of the        
,currency1 the ,federal ,deposit        
,insurance ,corporation1 and the        
,national ,credit ,union ,administration
 ,board4  7#c7 ,insured depository      
institution ,the term insured depository
 institution-- 7,a7 has the meaning     
given that term in section #c of the    

,federal ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahac72 and  7,b7 means an    
insured credit union1 as defined in     
section #aja of the ,federal ,credit    
,union ,act 7#ab ,u4,s4,c4 #ageb74  7#d7
 ,insured depository institution merger 
application ,the term insured depository
 institution merger application means an
 application with respect to the        
acquisition of an insured depository    
institution1 its equity interests1 its  
assets1 or its deposits under-- 7,a7    
section #aj7;e7 of the ,home ,owners'   
,loan ,act 7#ab ,u4,s4,c4 #adfg;a7e772  
7,b7 section #bje7;b7 of the ,federal   
,credit ,union ,act 7#ab ,u4,s4,c4      
#aghe7;b772  7,c7 section #g7;j7 of the 
,federal ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahag7;j772  7,d7 section     
#ah7;c77#b7 of the ,federal ,deposit    
,insurance ,act 7#ab ,u4,s4,c4          
#ahbh7;c77#b772  7,e7 section #c of the 
,bank ,holding ,company ,act of #aief   
7#ab ,u4,s4,c4 #ahdb72 and  7,f7 section
 #d of the ,bank ,holding ,company ,act 

of #aief 7#ab ,u4,s4,c4 #ahdc74